Fortune Incorporated is preparing its master budget for the first quarter. The company sells a single product at a price of $$25$ per unit. Sales $($in units$)$ are budgeted at $156,000$ for the first quarter. Cost of goods sold is $$12$ per unit. Other expense information for the first quarter follows.

$\backslash$table$[[$Sales Commissions,$11\%,$of sales dollars$],[$Rent$,$$$47,000,$per quarter$],[$Advertising$,$$$510,000,$per quarter$],[$Office salaries,$$288,000,$per quarter$],[$Depreciation$,$$$150,000,$per quarter$],[$Interest$,1\mathrm{.}00\%,$quarterly on $$250,000$ note payabice$],[$Tax rate,$30\%,]]$

Prepare a budgeted income statement for the first quarter ended March $31$

Note: Round your intermediate and final answers to the nearest whole dollar.