Fultz Company has accumulated the following budget data for the year 2020. 1 Sales: 31,230 units, unit selling price $88. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per - direct labor hour. 3. Inventories (raw materials only): beginning. 10.400 pounds; ending. 15,210 pounds. 4. Selling and administrative expenses: $170,000:interest expense: $30,000. 5. Income taxes: 30% of income before income taxes. Prepare a schedule showing the computation of cost of goods sold for 2020. FULTZ COMPANY Computation of Cost of Goods Sold Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total Cost of Goods Sold e Textbook and Media Prepare a budgeted multiple-step income statement for 2020. FULTZ COMPANY Budgeted Income Statement