PROBLEM 2. 9 25pta GooodGoesTech, Inc., with Jan & Hammed of Langhorne is considering the introduction of a new deluxe quality Slovenian EARBUDS. These EARBUDS will produce exceptional sound quality through new speaker technology. Market research by Clare & Emily Associates of New Hampshire indicates that customers would be willing to pay $500 for the EARBUDS of the quality considered for total Sales of $300,000. GoodGoesTech requires a 60% Gross Profit (return on sales) for all its products. The EARBUDS budgeted Cost of Goods Sold includes Beginning Finished Goods Inventory: Cost of Goods Manufactured; End Finished Goods Inventory. Compute GoodGoesTech's target Budgeted Income Statement for the Sale of EARBUDS if expenses are estimated to be fixed at $6,000 for EARBUDS sold.