5.10

Swifty Company has completed all of its operating budgets. The sales budget for the year shows 54,000 units and total sales of $2,430,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $324,000. Interest is estimated to be $10,800. Income taxes are estimated to be $216,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2025