North Company has completed all of its operating budgets. The sales budget for the year shows 50,620 units and total sales of $2,489,100. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $303,300. Interest is estimated to be $10,000. Income taxes are estimated to be $204,200. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017.

NORTH COMPANY Budgeted Income Statement choose the accounting period December 31, 2017For the Quarter Ending December 31, 2017For the Year Ending December 31, 2017
select a budgeted income statement item Cost of Goods SoldIncome Tax ExpenseNet Income / (Loss)PurchasesBeginning InventoryGross ProfitInterest ExpenseIncome from OperationsSalesIncome Before Income TaxesSelling and Administrative ExpensesEnding InventoryOperating ExpensesTotal Operating Expenses		$enter a dollar amount
select a budgeted income statement item Total Operating ExpensesNet Income / (Loss)SalesIncome Tax ExpenseInterest ExpenseIncome from OperationsBeginning InventoryIncome Before Income TaxesOperating ExpensesEnding InventorySelling and Administrative ExpensesPurchasesCost of Goods SoldGross Profit		enter a dollar amount
select a summarizing line for the first part Selling and Administrative ExpensesGross ProfitIncome Tax ExpenseBeginning InventoryPurchasesInterest ExpenseOperating ExpensesSalesTotal Operating ExpensesEnding InventoryIncome from OperationsNet Income / (Loss)Cost of Goods SoldIncome Before Income Taxes		enter a total amount for the first part
select a budgeted income statement item Cost of Goods SoldBeginning InventoryInterest ExpenseIncome Tax ExpenseOperating ExpensesTotal Operating ExpensesIncome from OperationsNet Income / (Loss)Ending InventoryPurchasesIncome Before Income TaxesGross ProfitSalesSelling and Administrative Expenses		enter a dollar amount
select a summarizing line for the second part Beginning InventoryOperating ExpensesIncome Tax ExpenseGross ProfitCost of Goods SoldInterest ExpenseSelling and Administrative ExpensesPurchasesTotal Operating ExpensesEnding InventoryIncome from OperationsIncome Before Income TaxesNet Income / (Loss)Sales		enter a total amount for the second part
select a budgeted income statement item Income Before Income TaxesCost of Goods SoldInterest ExpenseEnding InventorySalesGross ProfitIncome Tax ExpenseSelling and Administrative ExpensesBeginning InventoryTotal Operating ExpensesIncome from OperationsPurchasesNet Income / (Loss)Operating Expenses		enter a dollar amount
select a summarizing line for the third part Beginning InventoryGross ProfitSelling and Administrative ExpensesSalesIncome Tax ExpenseTotal Operating ExpensesPurchasesIncome from OperationsNet Income / (Loss)Ending InventoryIncome Before Income TaxesOperating ExpensesCost of Goods Sold		enter a total amount for all three parts
select a budgeted income statement item PurchasesTotal Operating ExpensesSelling and Administrative ExpensesCost of Goods SoldIncome from OperationsNet Income / (Loss)Ending InventoryInterest ExpenseSalesOperating ExpensesIncome Before Income TaxesGross ProfitIncome Tax ExpenseBeginning Inventory		enter a dollar amount
select a closing name for this statement Selling and Administrative ExpensesSalesPurchasesEnding InventoryIncome Before Income TaxesCost of Goods SoldGross ProfitNet Income / (Loss)Operating ExpensesBeginning InventoryInterest ExpenseIncome from OperationsTotal Operating ExpensesIncome Tax Expense		$enter a total net income or loss amount