Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sallboot. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit bales 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 780 2,110 $ 1,615 $ 55 $ 300,000 $ 27,000 Required: Prepare the company's budgeted income statement for the year, Clig Harbor Bonting Budgated Income Statement