North Company has completed all of its operating budgets. The sales budget for the year shows 50,160 units and total sales of $2,228,200. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $309,200. Interest is estimated to be $12,710. Income taxes are estimated to be $226,800. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020. NORTH COMPANY Budgeted Income Statement For the Year Ending December 31, 2020 Sales Cost of Goods Sold Gross Profit Selling and Administrative Expenses Income Before Income Taxes ? Interest Expense Income Before Income Taxes Income Tax Expense Net Income / (Loss) eTextbook and Media Save for Later Last saved 55 minutes ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes