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 adminitrative expense (per year) Interest expense for the year 860 $ 2,150 $ 1,625 95 335,000 $ 31,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement