North Company has completed all of its operating budgets. The sales budget for the year shows 50,640 units and total sales of $2,354,100. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $305,500. Interest is estimated to be $11,620. Income taxes are estimated to be $225,500. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020.