Samson Labs performs a speciality lab test for local companies for $54 per test. For the upcoming quarter, Samson Labs is projcting the following sales The budgeted cost of performing each test is $30. Operating expenses are projected to be $61,000 in January, $54,000 in February, and $85,000 in January February March 5,000 4.800 5.600 March Samson Labs is subject to a corporate tax rate of 30% Requirement Prepare a budgeted income statement for the first quaner, with a coiumn for each month and for the quarter Number of lab tests Prepare the budgeted income statement by first calculating the operating income, then calculate the net income. Samson Labs Budgeted Income Statement For the Quarter Ended March 31 January February MarchQuarter Sales Less Cost of goods sold Gross proft Less Operating expenses Operating income Less: Income tax expense Net income