North Company has completed all of its operating budgets The sales budget for the year shows50,100units and total sales of $2,186,000 The total unit cost of making one unit of sales is $22 Selling and administrative expenses are expected to be $301,100 Income taxes are estimated to be $234,810 Prepare a budgeted income statement for the year ending December 31, 2014 NORTH COMPANY Budgeted Income Statement For the Year Ending December 31, 2014 Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses $ Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses Beginning InventoryCost of Goods SoldEnding InventoryGross Profit (Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income (Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses $

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North Company has completed all of its operating budgets. The sales budget for the year shows50,100units and total sales of $2,186,000. The total unit cost

North Company has completed all of its operating budgets. The sales budget for the year shows50,100units and total sales of $2,186,000. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $301,100. Income taxes are estimated to be $234,810.

Prepare a budgeted income statement for the year ending December 31, 2014.

NORTH COMPANY Budgeted Income Statement For the Year Ending December 31, 2014
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses	$
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses
Beginning InventoryCost of Goods SoldEnding InventoryGross Profit/(Loss)Income Before Income TaxesIncome from OperationsIncome Tax ExpenseNet Income/(Loss)Operating ExpensesPurchasesSalesSelling and Administrative ExpensesTotal Operating Expenses	$