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North Company has completed all of its operating budgets. The sales budget for the year shows 50,700 units and total sales of $2,110,700. The total
North Company has completed all of its operating budgets. The sales budget for the year shows 50,700 units and total sales of $2,110,700. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $304,500. Income taxes are estimated to be $176,820. Instructions: Prepare a budgeted income statement for the year ending December 31, 2014.
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