Lave Slication Homework 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: Budgeted unit sales 780 Selling price per unit $ 2, 110 Cost per unit $ 1,615 Variable selling and administrative expense (per unit) $ 55 Fixed selling and administrative expense {per year) $ 380,000 Interest expense for the year $ 27,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement