Gg Harbor Bouting is the wholesale disebutor of a smol recromional catamaran saliboot. Management has prepared the following summary data to use in as annual budgering process: nogeted unit Sales Selling price per unit Cost per unit Variable selling and administrative pense per unit) Fixed selling and adsinistrations per a Interest expense for the year 56 1,91 1.55S 20 $ 140,000 5 15,00 Required: Prepare the company's budgeted income statement for the year Gabor Dating Botted Income Sinne 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 expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year 540 $ 1,990 $ 1,585 $ 70 $ 140,000 $ 15,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement