Rajiv Company has completed all of its operating budgets. The sales budget for the year shows 46,100 units and total sales of $1,982,300. The total cost of making one unit of sales is $23. It estimates selling and administrative expenses to be $293,000 and income taxes to be $188,700. Prepare a budgeted income statement for the year ending December 31, 2020. RAJIV COMPANY Budgeted Income Statement For the Year Ending December 31, 2020 $ $