7 WE 12.50 points Gig Harbor Boating in the wholesale distrutor of a small recreational Catamaran saiba. Management has prepared the following summary data to use in its annual budgeting pro Budgeted under Selling price per un Cost per un Variable selling and administrative expenses (per unit) Fixed seling and administrative expenses (per your Interest expense for the year 620 $ 2.130 $1,500 575 $400,000 $29.000 Required Prepare the company's budgeted income statement using an absorption income statement format shown below. Gig Harbor Boating Budgeted Income Statement O 5