01:27:29 /4 1 Question 4 of 16 View Policies Current Attempt in Progress Kalve Company has bodprted the following for the year 2020 1 Sales: 47.600 units unit selling price $76 2 Cost of one unit of finished goods direct materials 2 kg at $4 per kilogram direct labour, 4 hrs at $12 per hour and manufacturing overhead. $2 per direct labour hou Seling and administrative expenses: $144,000 R Income taxes: 25% of income before income taxes Prepare a budgeted income statement for 2020. KALVEN COMPANY Budgeted Income Statement For 2020