Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 42,000 for January, 62,000 for February, and 52,000 for March. Cost of goods sold is $12 per unit. Other expense information for the first quarter follows. Commissions 11 % of salesRent $ 18,000 per monthAdvertising 12 % of salesOffice salaries $ 78,000 per monthDepreciation $ 47,000 per monthInterest 11 % annually on a $260,000 note payableTax rate 30 %I need the commisions exspense, advertising exspense, interrest expense and Income Tax expense #sWould be nice to get how they were calculated as wellFORTUNE, INC. Budgeted Income StatementFor Quarter Ended March 31Sales $3,900,000Cost of goods sold 1,872,000Gross profit 2,028,000Operating expensesCommissions expenseRent expense 54,000Advertising expenseOffice salaries expense 234,000Depreciation expense 141,000Interest expenseTotal operating expenses 429,000Income before taxes 1,599,000Income tax expenseNet income $1,599,000