Current Attempt in Progress Waterway Company has completed all of its operating budgets. The sales budget for the year shows 51,500 units and total sales of $2,163,000. The total cost of making one unit of sales is $26. It estimates selling and administrative expenses to be $299,000 and income taxes to be $157,500. Prepare a budgeted income statement for the year ending December 31, 2022. WATERWAY COMPANY Budgeted Income Statement For the Year Ending December 31, 2022 $ 10