Script Mill hasjust completed their 5th year in business. They have reported the following information for December 2022. Budgeted Sales $ 560,000 Actual Sales $ 56?,923 Purchases $ 294,823 Beginning Inventory 3; 56,000 Ending Inventory (% of next months sales} 10% Admin Salaries $ 50,320 Marketing Expense {'34: of budgeted sales) 5% Sales Commissions [% of budgeted sales] 2% Rent Expense $ 7,500 Depreciation Expense $ 1,100 Utilities $ 2,500 Taxes [% of income from operations} 15% Script Mill has seen sales increase at a rate of 10% in the past. They anticipate this trend to continue. Prepare a budgeted income statement complete the items below. *Type your response with no commas or decimals Sales Cost of Goods Sold: Beginning Inventory Purchases Cost of Goods Available for Sale\fOperating Expenses: Administrative Salaries Marketing Expenses Sales Commissions Rent Expense Depreciation Expense Utilities Total Operating Expenses