Dalby Company has accumulated the following budget data for the year 2014.Sales: 31, 350 units, unit selling price $88. Cost of one unit of finished goods: direct materials 2 pounds at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour. Inventories (raw materials only): beginning, 10, 230 pounds; ending, 15, 290 pounds. Selling and administrative expenses: $202, 850. Income taxes: 30 % of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2014. Prepare a budgeted income statement for 2014