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 620 $2,030 51,595 Dudeted unit sales Selling price per unit cost per unit Variable selling and administrative expense (per unit) Exed selling and administrative expense (per year) Interest expense for the year 5 200.000 $ 19,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement