North Company has completed all of its operating budgets. The sales budget for the year shows 50,120 units and total sales of $2,128,200. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $305,100. Interest is estimated to be $10,000. Income taxes are estimated to be $216,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017.