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

$460$

$$1,950$

$$1,575$

$$75$

$$105,000$

$$14,000$

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

$$14,000$

Required:

Prepare the company's budgeted income statement for the year.

References

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Mc

Graw

Hili

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