Please see PDF down below as there were charts that would not be able to put in here unless done through by PDF....

40 Selling and Administrative Budget and Budgeted Income Statement. (The previous problem must be completed before working this problem.) Sports Bars, Inc., produces energy bars. Management estimates all selling and administrative costs are fixed. Quarterly selling and administrative cost estimates for the coming year follow. Salaries $170,000 Rent $ 65,000 Advertising $120,000 Depreciation $ 75,000 Other $ 36,000 Required: 1 Use the information presented previously to prepare a selling and administrative budget. Refer to the format shown in Figure 9.8 \"Selling and Administrative Budget for Jerry's Ice Cream\". 2 Use the information from the previous problem and from requirement a of this problem to prepare a budgeted income statement. Refer to the format shown in Figure 9.9 \"Budgeted Income Statement for Jerry's Ice Cream\". 3 How will management use the information presented in the budgeted income statement