Lily Company has completed all of its operating budgets. The sales budget for the year shows 42,000 units and total sales of $1,890,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $252,000. Interest is estimated to be $8,400. Income taxes are estimated to be $168,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. LILY COMPANY Budgeted Income Statement $ > $