Kid Bros has a sales revenue of $244,000 in 2021. The marketing team forecasts that the sales will grow by 10% in 2022. The company estimates COGS/COS as 55% of total sales while the advertising and selling expense and administrative expenses are accounted for 8% and 12% of the sales respectively. The company considers 2% of sales revenue as interest and 3% of sales revenue as deprecation. The tax rate is 30%.

Prepare a budgeted income statement for 2022 to answer the following question: What is the projected after tax profit/Loss for Kid Bros in 2022?

a. 34160

b. 37576

c. 53860

d. 48800

e. 32208