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Bridgeport Company has completed all of its operating budgets. The sales budget for the year shows 45,300 units and total sales of $1,902,600. The total
Bridgeport Company has completed all of its operating budgets. The sales budget for the year shows 45,300 units and total sales of $1,902,600. The total cost of making one unit of sales is $26. It estimates selling and administrative expenses to be $309.000 and income taxes to be $124,740. Prepare a budgeted income statement for the year ending December 31, 2022 BRIDGEPORT COMPANY Budgeted Income Statement For the Year Ending December 31, 2022
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