The options are the first table and the second table, at the bottom first blank just says option 1 or 2

Ivey Company prepared the following budgeted income statement for the first quarter of 2018: Click the icon to view the budgeted income statement.) Ivey Company is considering two options. (Click the icon to view the options.) Read the requirements. March Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $20.000. Round all calculations to the nearest dollar Begin by preparing the budgeted income statement for Option 1. Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February Total Sales Revenue Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income Tax Expense Net Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the nearest whole number.) Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February Sales Revenue Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income Tax Expense Net Income Requirement 2. Which option should Ivey choose? Explain your reasoning. If one of the two options is chosen, it would be because net income for the quarter is expected to be higher under this option. However, because both options are expected to yield net income for the quarter than the $7,932 currently budgeted, Ivey may decide March Total of 2018: Ivey Company prepared the following budgeted income statement for the first quarter Click the icon to view the budgeted income statement.) Ivey Company is considering two options (Click the icon to view the options.) Read the requirements Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $20.000. Round all calculations to the nearest dollar Begin by preparing the budgeted Requirements Bude For the Qu 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $20,000 Round all calculations to the nearest dollar. 2. Which option should Ivey choose? Explain your reasoning. Janua Print Done Sales Revenue Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income Tax Expense Net Income Now prepare the Data table Sales Revenue March Total Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February Net Sales Revenue (5% increase per month) $ 20,000 $ 21.000 $ Cost of Goods Sold (80% of sales) 12,000 12.800 Gross Profit 8.000 8.400 S and A Expenses ($3,000 + 10% of sales) 5,000 5.100 Operating Income 3,000 3.300 Income Tax Expense (20% of operating income) 680 2.400 $ 2.640 $ Net Income Cost of Goods So Gross Profit S and A Expense Operating Income Income Tax Exper Net Income Requirement 2. W 22,050 $ 13,230 8,820 63.050 37.830 5,205 3,615 723 25, 220 15,305 9.915 600 1.983 7,932 2,892 ecause both options If one of the two of are expected to yid Print Done Tvey Company prepared the following budgeted income statement for the first quarter wey Company is considering two options Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $20,000. Round all calculations to the nearest dollar Begin by preparing the budgeted income statement for Option 1. Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Sales Revenue Cost of Goods Sold Gross Profit S and A Expenses Operating Income Income Tax Expense Not Income Now prepare the budgeted income statement for Option 2. (Round all amounts to the nearest whole number.) Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Sales Revenue Cost of Goods Sold Gross Profit Sand A Expenses Operating Income Income Tax Expense Net Income Requirement 2. Which option should Ivey choose? Explain your reasoning. If one of the two options is chosen, it would be because net income for the quarter is expected to be higher under this option. However, because both options are expected to yield net income for the quarter than the $7,982 currently budgeted, Ivey may decide not to choose either of the options, to choose Option 1 to choose Option 2 Ivey Company prepared the following budgeted income statement for the first quarter of 2018: Click the icon to view the budgeted income statement.) Ivey Company is considering two options Click the icon to view the options.) Read the requirements - Requirement 1. Prepare budgeted income statements for both options, assuming both options begin in January and January sales remain $20,000. Round all calculations to the nearest dollar. Begin by preparing the budgeted income statement for Option 1. Ivey Company Budgeted Income Statement For the Quarter Ended March 31, 2018 January February March Total Sales Revenue Cost of Goods Sold Grons Profit S and A Expenses Operating Income More info Income Tax Expense Net Income Option 1 is to increase advertising by $1.200 per month. Option 2 is to use better-quality materials in the manufacturing process. The better Now prepare the budgeted Income materials will increase the cost of goods sold to 65% but will provide a better product at the same sales price. The marketing manager projects either option will result in sales increases of 20% per month rather than Budo 5% For the Janua Sales Revenue Print Done Cost of Goods Sold Gross Pront S and A Expenses Operating Income Income Tax Expense Net Income Requirement 2. Which option should Ivey choose? Explain your reasoning. If one of the two options is chosen, it would be because net income for the quarter is expected to be higher under this option. However, because both options are expected to yield not income for the quarter than the $7,932 currently budgeted, Ivey may decido