4 of 16 < > View Policies Current Attempt in Progress Kalven Company has budgeted the following for the year 2020: /4 L Sales: 50,000 units; unit selling price $75. 2 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. 3 Selling and administrative expenses: $148,000. 4. Income taxes: 25% of income before income taxes Prepare a budgeted income statement for 2020. KALVEN COMPANY Budgeted Income Statement For 2020 Seve for Later Attempts 0 of 1 used Submi