$13 Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price Variable selling and administrative expenses per unit $1.10 Fixed seling and administrative expenses $423,000 Tax rate Required: Prepare a budgeted income statement for Oliver Company for the coming year. Round all income statement amounts to the nea Oliver Company Budgeted Income Statement For the Coming Year 28 %