Please help me solve this question.

Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales 640 Selling price per unit $2,040 Cost per unit $1,370 Variable selling and administrative expenses (per unit) $75 Fixed selling and administrative expenses (per year) $300,000 Interest expense for the year $20,000 Required: Prepare the company's budgeted income statement using an absorption income statement format