Concord Company has accumulated the following budget data for the year 2022. 1. 2. 3. 4. 5. Sales: 31,230 units, unit selling price $88. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour. Inventories (raw materials only): beginning, 10,400 pounds; ending, 15,210 pounds. Selling and administrative expenses: $170,000; interest expense: $30,000. Income taxes: 20% of income before income taxes. Prepare a budgeted multiple-step income statement for 2022. CONCORD COMPANY Budgeted Income Statement For the Quarter Ending December 31, 2022 December 31, 2022 For the Year Ending December 31, 2022