A. J. Hinch Corporation is a wholesale distributor of Harley Davidson scooters. AJ has provided the following summary data to use for its annual budget preparation. 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 780 $ 2,110 $ 1.615 $ 55 $ 300,000 $ 27,000 Required: Prepare the company's budgeted income statement for the year. AJ Hinch Scooters Budgeted Income Statement