Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management hos prepared the following summary data to use in its annual budgeting process: 360 points Budgeted unit sales 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 $ 2,150 $ 1,625 95 $ 335,000 $31.000 eBook Hint Print References Required: Prepare the company's budgeted Income statement for the year. Gig Harbor Boating Budgeted Income Statement of RA Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year) Interest expense for the year $ 95 $ 335,000 $ 31,000 Required: Prepare the company's budgeted income statement for the year. points eBook Gig Harbor Boating Budgeted Income Statement Hint Print References