5.)

Oriole Company has completed all of its operating budgets. The sales budget for the year shows 55,000 units and total sales of $2,475,000. The total unit cost of producing one unit is $25. Selling and administrative expenses are expected to be $330,000. Interest is estimated to be $11,000. Income taxes are estimated to be $220,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022