North Company has completed all of its operating budgets. The sales budget for the year shows $50,000$ units and total sales of $$2,250,000.$ The total cost of producing one unit is $$25.$ Selling and administrative expenses are expected to be $$300,000.$ Interest is estimated to be $$10,000.$ Income taxes are estimated to be $$200,000.$

Prepare a budgeted multiple$-$step income statement for the year ending December $31,2025.$

NORTH COMPANY

Budgeted Income Statement