Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sallboat. 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 administrative expense $($per year$)$

Interest expense for the year

$\backslash$table$[[,660],[$$$,2,050],[$$$,1,480],[$$$,85],[$$$,245,000],[$$$,21,000]]$

Required:

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

$\backslash$table$[[$Gig Harbor Boating$],[$Budgeted Income Statement,$],[,],[,],[,],[,],[,]]$