SG Enterprises produces code writing tablets that sell for $$120$ each. Cost for making each tablet include: $$41\mathrm{.}00$ for direct materials, $$33\mathrm{.}00$ for direct labor, and $$13\mathrm{.}00$ in overhead costs. Selling & Administrative costs amount to $$22,500$ for the month. Taxes are calculated at $40\%.$

Prepare a budgeted Income Statement for an output level of $3,300$ tablets for the month ending May $31,2021.$SG Enterprises

Income Statement

For Month Ended May $31,2021$

$\backslash$table$[[$Sales Revenue$],[$Cost of Goods Sold$],[$Gross Profit$],[$Selling & Administrative Expenses$],[$Net Income before Taxes$],[$Income Taxes$],[$Net Income$]]$