Current Attempt in Progress Kingbird Company has accumulated the following budget data for the year 2022 : 1. Sales: 31,600 units; unit selling price $82 2. Cost of one unit of finished goods: direct materials, 2kg at $5 per kilogram; direct labour, 3 hours at $12 per hour; and manufacturing overhead, $6 per direct labour hour 3. Inventories (raw materials only): beginning, 9,400kg; ending, 15,000kg 4. Raw materials cost: $5 per kilogram 5. Selling and administrative expenses: $192,000 6. Income taxes: 30% of income before income taxes Prepare a budgeted income statement for 2022