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) $345,e00 Interest expense for the year 740 2,09e $ 1,490 25,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Bud Statement to search