8 Exercise 8-8 (Algo) Budgeted Income Statement (LO8-9) 4 its Sipped Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year Required: Prepare the company's budgeted income statement for the yeat. 700 $2,070 5.1,605 $60 $ 200,000 $ 23,00 ebook o Het Gig Harbor Boating Budgeted Income Statement Pan o References