Apple Company estimates that expected unit sales will be 25,000 in quarter 1, 40,000 units in quarter 2, 35,000 units in quarter 3 and 37,000 units in quarter 4. Unit selling price is $50. Prepare a sales budget for the year.

3. Pargo Company is expecting unit sales of 55,000 units and total sales of $2,000,000. The total unit cost of making one unit of sales is $20. Selling & Administrative expenses are expected to be $250,000. Interest is estimated to be $8,000. Income taxes are estimated to be $175,000. Prepare a budget income statement for the yea