eBook Show Me How Preparing a Budgeted Income Statement Jameson Company provided the following information for the coming year: Units produced and sold Cost of goods sold per unit 230,000 $5.30 Selling price $9.70 Variable selling and administrative expenses per unit $1,60 Fixed selling and administrative expenses $387,000 35% Tax rate Required: Prepare a budgeted income statement for Jameson Company for the coming year. Round all income statement amounts to the nearest of Jameson Company Budgeted Income Statement For the Coming Year Sales . Tax rate Required: 35% Prepare a budgeted inkome statement for Jameson Company for the coming year. Round all income statement amounts to the nearest dollar Jameson Company Budgeted Income Statement For the Coming Year Sales Cost of goods sold Gross margin Less: Variable selling and administrative expenses Less: Fixed selling and administrative expenses Operating income Less: Income taxes: Net income Previous Next