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Given the following information, prepare an annual budgeted income statement: Sales (units) 100,000 Selling price per unit 85 Cost per unit 23 Fixed selling and

Given the following information, prepare an annual budgeted income statement:

Sales (units) 100,000

Selling price per unit 85

Cost per unit 23

Fixed selling and admin (annual) 4,250,000

Variable selling and admin per unit 5

Interest expenses (annual) 250,000

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