Use the following data for problems 10 - 12: Barth Company is preparing the operating budget for the first quarter of 2024. They forecast sales of $75,000 in January, $80,000 in February, and $85,000 in March. Cost of goods sold is budgeted at 45% of Sales. Variable and fixed expenses are as follows: Variable: Miscellaneous expenses: 22% of Sales Fixed: Salary expense: $15,000 per month Rent expense: $3,000 per month Depreciation expense: $2,000 per month Miscellaneous expenses/fixed portion: $1,000 Use the following grid for your calculations: Budgeted Income Statement Sales Revenue Less: COGS (45% of sales) = = Gross Profit Less Variable Expenses = Contribution Margin Less: Fixed Expenses Salary expense Rent expense Depreciation expense Misc. expenses JANUARY per month FEBRUARY = = Operating Income/(Loss) 10) What is the budgeted operating income/(loss) for January? 11) What is the budgeted operating income/(loss) for February? 12) What is the budgeted operating income/(loss) for March? MARCH

Use the following data for problems 1012 : Barth Company is preparing the operating budget for the first quarter of 2024 . They forecast sales of $75,000 in January, $80,000 in February, and $85,000 in March. Cost of goods sold is budgeted at 45% of Sales. Variable and fixed expenses are as follows: Variable: Miscellaneous expenses: 22% of Sales Fixed: Salary expense: $15,000 per month Rent expense: $3,000 per month Depreciation expense: $2,000 per month Miscellaneous expenses/fixed portion: $1,000 per month 10) What is the budgeted operating income/(loss) for January? 11) What is the budgeted operating income/(loss) for February? 12) What is the budgeted operating income/(loss) for March