Current Attempt in Progress Zeller Company estimates that 2020 sales will be $40,000 in quarter 1,$50,300 in quarter 2 , and $62,400 in quarter 3. Cost of goods sold is 50 . of sales. Managernent decires to have ending finished goods inventory equal to 12% of the nect quarter's expected cost of nodessold Preparea merchandise purchases budget by quarter for the first 6 months of 2020 . eTextbook and Media Last saved 10 days ago Sored work will be auto-submitted on the due date. Auto- Attempts: 0 of 3 used North Company has completed all of its operating budgets. The sales budget for the year shows 50,160 units and total sales of $2,228,200. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $309,200 Interest is estimated to be $12,710. Income taxes are estimated to be $226,800. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020