Exercise 8-8 Budgeted Income Statement [LO8-9] 1.72 points Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sallboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year 740 s 2,e9e S 1,490 80 S 345,80e S 25,000 Book Hint Required: Prepare the company's budgeted Income statement for the year Print Gig Harbor Boating Budgeted Income Statement Referencer