Prepare a budgeted multiple$-$step income statement for $2022.$

Coronado Company has accumulated the foll owing budget data for the year 2022. 1. 3. 4. sales: 31,330 units, unit selling price $88 Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $7 per direct labor hour. Inventories (raw materials only): beginning, 10,220 pounds; ending, 15,410 pounds. Selling and administrative expenses: $170,000; interest expense: $30,000. Income taxes: 20% of income before income taxes. Your answer is correct. Prepare a schedule showing the computation of cost of goods sold for 2022 CORONADO COMPANY Computation of Cost of Go(kis Sold the Year December 31.2022 Cost of one unit of finished goods: Direct materials Direct labor Manufacturing overhead Total cost of Goods sold eTextbook and Media eTextbook Video Question 3 of 6 Your answer is partially correct- Prepare a budgeted multiple-step income statement for 2022. FULTZ COMPANY Inayne Statenent Year Sales cost of Goods Sold Gross Profit Sellimgend Administrative Expenses v Irraome from Operations Interest Expense Irraome before Irraome Taxes Irraome Tax Expense Net Income / (Loss) eTextbook and Media eTextbook Video Save for Leter 2757040 1942460 814580 170000 6445 ao 51000 193374 Assistance Used 2.76/3 Assistance Used Attempts: un limited 91b m it Answer