Kanban company estimated sales of 40 000 units at R6 each. Budgeted cost of goods sold per unit includes R1,20 of direct materials, six minutes of direct labour time at R15 per hour, and unit overhead cost of R1,30. Kanban pays a sales commission of 10% of sales revenue. Fixed selling and administrative expenses are budgeted at R25 000. Prepare a budgeted income statement showing Sales, Less cost of sales =gross profit, less operating expenses, sales commission, fixed selling and administrative costs =operating income