Bonita Company has completed all of its operating budgets. The sales budget for the year shows 58,000 units and total sales of $ 2,610,000. The total cost of producing one unit is $ 25. Selling and administrative expenses are expected to be $ 348,000. Interest is estimated to be $ 11,600. Income taxes are estimated to be $ 232,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022.

BONITA COMPANY Budgeted Income Statement choose the accounting period December 31, 2022For the Quarter Ending December 31, 2022For the Year Ending December 31, 2022
select an income statement item Operating ExpensesIncome Tax ExpenseNet Income / (Loss)SalesIncome from OperationsInterest ExpensePurchasesSelling and Administrative ExpensesBeginning InventoryTotal Operating ExpensesIncome Before Income TaxesEnding InventoryGross ProfitCost of Goods Sold		$ enter a dollar amount
select an income statement item Gross ProfitInterest ExpenseBeginning InventoryOperating ExpensesNet Income / (Loss)Cost of Goods SoldTotal Operating ExpensesEnding InventoryIncome Before Income TaxesPurchasesSalesSelling and Administrative ExpensesIncome Tax ExpenseIncome from Operations		enter a dollar amount
select a summarizing line for the first part Cost of Goods SoldSalesBeginning InventoryNet Income / (Loss)Income from OperationsEnding InventoryGross ProfitIncome Before Income TaxesTotal Operating ExpensesOperating ExpensesSelling and Administrative ExpensesInterest ExpenseIncome Tax ExpensePurchases		enter a total amount for the first part
select an income statement item Income from OperationsSelling and Administrative ExpensesGross ProfitTotal Operating ExpensesIncome Tax ExpenseOperating ExpensesSalesPurchasesNet Income / (Loss)Interest ExpenseIncome Before Income TaxesBeginning InventoryEnding InventoryCost of Goods Sold		enter a dollar amount
select a summarizing line for the second part Income Before Income TaxesTotal Operating ExpensesSelling and Administrative ExpensesBeginning InventoryCost of Goods SoldIncome Tax ExpensePurchasesInterest ExpenseGross ProfitEnding InventoryNet Income / (Loss)Income from OperationsOperating ExpensesSales		enter a total amount for the second part
select an income statement item Gross ProfitIncome from OperationsBeginning InventorySalesOperating ExpensesNet Income / (Loss)Selling and Administrative ExpensesIncome Tax ExpenseInterest ExpensePurchasesTotal Operating ExpensesCost of Goods SoldEnding InventoryIncome Before Income Taxes		enter a dollar amount
select a summarizing line for the third part Cost of Goods SoldPurchasesIncome Tax ExpenseBeginning InventoryGross ProfitIncome from OperationsEnding InventoryIncome Before Income TaxesTotal Operating ExpensesNet Income / (Loss)Operating ExpensesSelling and Administrative ExpensesSales		enter a total amount for the third part
select an income statement item Income from OperationsTotal Operating ExpensesGross ProfitOperating ExpensesCost of Goods SoldEnding InventoryBeginning InventoryPurchasesIncome Before Income TaxesInterest ExpenseSalesSelling and Administrative ExpensesIncome Tax ExpenseNet Income / (Loss)		enter a dollar amount
select a closing name for this statement Income from OperationsIncome Before Income TaxesCost of Goods SoldIncome Tax ExpenseNet Income / (Loss)Beginning InventoryTotal Operating ExpensesEnding InventoryGross ProfitSalesOperating ExpensesPurchasesSelling and Administrative ExpensesInterest Expense		$ enter a total net income or loss amount