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Check my work Fortune, Inc, 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 forecasted at 35,000 for January, 55,000 for February, and 45,000 for Match Cost of goods sold is 512 per unit Other expense Information for the first quarter follows Commissions Rent Advertising Office salaries Depreciation Interest Tax rate of sales dollars $ 21.00 per month 14% of sales dollars 572,000 per month 546,000 per month 10% annually on a $270,000 note payable Prepare a budgeted income statement for this first quarter. (Round your final answers to the nearest whole dollar) FORTUNE, INC Budgeted Income Statement For Quarter Ended March 31 Net 26 of 26