Exercise 8-8 Budgeted Income Statement [LO8-9] Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. 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 expese (per unit) Fixed selling and administrative expense (per year) Interest expense for the year 780 $2,110 $ 1,615 polnts s 300,00e s 27,90 eBook Hint References Required: Prepare the company's budgeted income statement for the year Gig Harbor Boating Budgeted Income Statement