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Merline Manufacturing makes its product for $75 per unit and sells it for $150 per unit. The sales staff receives a commission of 10% of sales. Its December income statement follows Management expects December's result to be repeated in January. Februory, and March without any changes in strategy. Management, however, has an alteinative plan it believes that if the unit selling price is reduced to $125 per unit and advertising is increased to $287.500 per month, sales units will be 16.500 for Jenuary, 18,150 for February, and 19,965 for March. The cost of its product will remain at $75 per unit, the sales staff will continue to eam a 103 commission, and the remaining expenses will stoy the same Required: 1. Prepare budgeted income statements for each of the months of Jonuary. February, and March that show results from implementing the proposed plan 2. For the proposed plan, is income in Morch budgeted to be higher than income in December? Complete this question by entering your answers in the tabs below. Prepare budgeted income statements for each of the months of January, Fetruary, and March that show results from implementing the proposed plan. Note: Enter your final answers in whole dollars. 2. For the proposed pian, is income in March budgeted to be nigher than income in vecember? Complete this question by entering your answers in the tabs below. Prepare budgeted income statements for each of the months of January, February, and March that show results from implementing the proposed plan. Note: Enter your final answers in whole dollars. 1. Prepare budgeted income statements for each of the months of January. February, and March that show results from implementing the proposed plan 2. For the proposed plan, is income in March budgeted to be higher than income in December? Complete this question by entering your answers in the tabs below. For the proposed plan, is income in March budgeted to be higher than income in December