North Company has completed all of its operating budgets. The sales budget for the year shows50380units and total sales of $2253500. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $304800. Interest is estimated to be $10,000. Income taxes are estimated to be $216200.

a budgeted multiple-step income statement for the year ending December 31, 2014.