Oliver company provided the following information for the coming year: Units produced and sold Cost of goods sold per unit Selling price Variable selling and administrative expenses per unit Fixed selling and administrative expenses Tax rate Required: 160,000 $6.30 $12 $1.10 $423,000 28% Prepare a budgeted income statement for Oliver Company for the coming year. Round all income statement amounts to the nearest Oliver Company Budgeted Income Statement For the Coming Year