Budgeted sales $($in units$)500$

Selling price per unit $ $2,000$

Cost per unit $ $1,600$

Variable selling and administrative expenses $($per unit$)$ $ $75$

Fixed selling and administrative expenses $($per year$)$ $ $105,500$

Interest expense for the year $ $14,000$

Required:

Prepare the company$$s budgeted income statement.