chap 22 q 6

North Company has completed all of its operating budgets. The sales budget for the year shows 50,810 units and total sales of $2,487,100. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $306,100. Interest is estimated to be $12,010. Income taxes are estimated to be $224,500. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020