Brief Exercise 21-8 North Company has completed all of its operating budgets. The sales budget for the year shows 50,890 units and total sales of $2,437,900. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $307,300. Interest is estimated to be $10,000. Income taxes are estimated to be $205,800 Prepare a budgeted multiple-step income statement for the year ending December 31, 2017, NORTH COMPANY Budgeted Income Statement