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Crane Company has completed all of its operating budgets. The sales budget for the year shows 63,000 units and total sales of $2,835,000. The total
Crane Company has completed all of its operating budgets. The sales budget for the year shows 63,000 units and total sales of $2,835,000. The total unit cost of producing one unit is $20. Selling and administrative expenses are expected to be $378,000. Interest is estimated to be $12,600. Income taxes are estimated to be $252.000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. CRANE COMPANY Budgeted Income Statement CRANE COMPANY Budgeted Income Statement 10 > < < $
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