Preparing a Budgeted Income Statement Jameson Company provided the following information for the coming year: Units produced and sold 230,000 Cost of goods sold per unit $5.30 Selling price $9.70 Variable selling and administrative expenses per unit $1.60 Fixed selling and administrative expenses $387,000 35% Tax rate Required: Prepare a budgeted income statement for Jameson Company for the coming year. Round all income statement amounts to the nearest dollar Jameson Company Budgeted Income Statement For the Coming Year Sales Cost of goods sold Gross margin Less: Variable selling and administrative expenses Less: Foxed selling and administrative expenses Operating income ( Next Previous Check My Work