22.3 (LO 3: Calculate budgeted total unit cost and prepare budgeted income statement.) AP Pargo Company is preparing its budgeted income statement for 2022. Relevant data pertaining to its sales, production, and direct materials budgets can be found in 22.2 . In addition, Pargo budgets 0.3 hours of direct labor per unit, labor costs at $15 per hour, and manufacturing overhead at $20 per direct labor hour. Its budgeted selling and administrative expenses for 2022 are $6,000,000. Calculate the budgeted total unit cost and prepare the budgeted multiple-step income statement for 2022. (Ignore income taxes.)