Concord Company has completed all of its operating budgets. The sales budget for the year shows 56,000 units and total sales of $2,520,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $336,000. Interest is estimated to be $11,200. Income taxes are estimated to be $224,000, Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. CONCORD COMPANY Budgeted Income Statement . Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. CONCORD COMPANY Budgeted Income Statement . $ eTextbook and Media