Accounting and finance

Question \#2 (16 Marks) LINCOLN Company manufactures leather jackets. Budgeted information relating to the upcoming 2023 fiscal year is as follows: guunuonal information: Manufacturing overhead is allocated to the jackets based on direct labour (DL) hours as the allocation base. Required: Prepare the Budgeted Income Statement for LINCOLN Company for 2023 (Ensure that all parts of your answer are clearly labeled and rounded to 2 decimal places.)