Posted: June 6th, 2016

Using the information found in the case and the previous budgets, prepare a budgeted income statement for Sweats Galore, Inc. for the year ended December 31, 2013. Sweats Galore, Inc.

Using the information found in the case and the previous budgets, prepare a budgeted income statement for Sweats Galore, Inc. for the year ended December 31, 2013. Sweats Galore, Inc. Budgeted Income Statement For the Year Ended December 31, 2013 Sales Cost of goods sold Gross profi t Selling and administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income