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Indigo Company has accumulated the following budget data for the year 2022 : 1. Sales: 28,800 units; unit selling price $75 2. Cost of one

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Indigo Company has accumulated the following budget data for the year 2022 : 1. Sales: 28,800 units; unit selling price $75 2. Cost of one unit of finished goods: direct materials, 2kg at $5 per kilogram; direct labour, 3 hours at $11 per hour; and manufacturing overhead, \$6 per direct labour hour 3. Inventories (raw materials only): beginning, 9,300 kg; ending, 15,800kg 4. Raw materials cost: $5 per kilogram 5. Selling and administrative expenses: $184,000 6. Income taxes: 30% of income before income taxes Prepare a budgeted income statement for 2022

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