Current Attempt in Progress

Coronado Company has completed all of its operating budgets. The sales budget for the year shows $46,000$ units and total sales of $$2,070,000.$ The total cost of producing one unit is $$20.$ Selling and administrative expenses are expected to be $$276,000.$ Interest is estimated to be $$9,200.$ Income taxes are estimated to be $$184,000.$

Prepare a budgeted multiple$-$step income statement for the year ending December $31,2022.$

CORONADO COMPANY

Budgeted Income Statement