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: 10 Budgeted unit sales 480 points Selling price per unit $ 1,960 Cost per unit $ 1, 350 Variable selling and administrative expense (per unit) $ 40 Fixed selling and administrative expense (per year) $ 225, 090 Interest expense for the year $ 12,090 eBook Required: Prepare the company's budgeted income statement for the year Hint Gig Harbor Boating Budgeted Income Statement Ask Print References