Question: Student D is tasked with preparing a budget for Company Delta for the upcoming quarter. The company expects the following: Sales Revenue: $300,000 Cost of

Student D is tasked with preparing a budget for Company Delta for the upcoming quarter. The company expects the following:

  • Sales Revenue: $300,000
  • Cost of Goods Sold: 60% of Sales Revenue
  • Operating Expenses: $50,000
  • Interest Expense: $10,000
  • Tax Rate: 30% Based on this information, prepare the budgeted Income Statement and Cash Flow Statement for Company Delta.

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