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A.J AND M Company has completed all of its operating budgets. The sales budget for the year shows 50,100 units and total sales of $2,154,300.

A.J AND M Company has completed all of its operating budgets. The sales budget for the year shows 50,100 units and total sales of $2,154,300. The total cost of making one unit of sales is $26. It estimates selling and administrative expenses to be $301,000 and income taxes to be $165,210. Prepare a budgeted income statement for the year ending December 31, 2022.

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