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: Required: Prepare the company's budgeted income statement for the year. The management of Mecca Copy, a photocopying center located on University Avenue, has compled the following data to use in preparing its budgeted balance sheet for next year. The beginning balance of retained eamings was $29,000, net income is budgeted to be $12700, and dividends are budgeted to be $2500. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign) Welier Company's budgeted unit sales for the upcoming fiscal year are provided below. The company's variable selling and administrative expense per unit is $210. Fixed selling and administrative expenses include advertising expenses of $15,000 per quarter, executtve salarles of $41,000 per quarter, and depreciation of $21,000 per quarter, in addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter Finally. property takes of $6,400 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.)