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 $580$ Selling price per unit$ $2,010$Cost per unit$ $1,470$Variable selling and administrative expense $($per unit$)$$ $45$Fixed selling and administrative expense $($per year$)$$ $200,000$Interest expense for the year$ $17,000$ Required:Prepare the company$$s budgeted income statement for the year.