1. 2. Sales: 49,600 units: unit selling price $79. Cost of one unit of finished goods: direct materials, 2 kg at $4 per kilogram; direct labour, 4 hours at $13 per hour, and manufacturing overhead, $2 per direct labour hour. Selling and administrative expenses: $135,000 Income taxes: 25% of income before income taxes. 3. 4. Prepare a budgeted income statement for the year ended December 31, 2022, SHAMROCK COMPANY Budgeted Income Statement For the Year Ended December 31, 2022