eney, Pittman's controller, has just prepared the company's b Pittman Company Budgeted Income Statement For the Year Ended December 31 ring expenses: able d overhead gin and administrative expenses: issions to agents d marketing expenses -d administrative expenses ating income terest expenses efore income taxes axes (30%) me $ 11, 700,000 3,640,000 3,900,000 182, 000* 2,200,000 $ 26,000, 15, 340, 10, 660, 6, 282,6 4,378, E 910,0 3,468, C 1,040, 4 $2,427, 6 epreciation on storage facilities. handed the statement to Karl Vecci, Pittman's president, she n rate in completing these statements, but we've just learned t e commission rate to 20%." Prev