Crane Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the following. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 328,000 164,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units 24,600 12,300 Beginning finished goods units 20,500 8,200 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 24,600 8,200 Beginning direct materials pounds 32,800 12,300 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.40 0.60 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $459,200 for product JB 50 and $295,200 for product JB 60, and administrative expenses of $442,800 for product JB 50 and $278,800 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Add : CRANE INC. Direct Materials Budget For the Year Ending December 31, 2022 JB 50 332100 JB 60 LA A 2 664200 168100 3 504300 24600 5200 32800 12300 656000 3 $ 500200 4 1968000 $ 2000800 Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). Sales LA CRANE INC. Budgeted Income Statement JB 50 > > > > > JB 60 (A $ 6A Total $