Rajiv Company has completed all of its operating budgets. The sales budget for the year shows 46,000 units and total sales of $2,070,000. The total cost of making one unit of sales is $26. It estimates selling and administrative expenses to be $278,000 and income taxes to be $178,800. Prepare a budgeted income statement for the year ending December 31, 2020. RAJIV COMPANY Budgeted Income Statement For the Year Ending December 31, 2020 Gross Profit Net Loss Income Before Income Taxes Income Tax Expense Net Income Ending Inventory Selling And Administrative Expenses Cost of Goods Sold Purchases Cost Of Goods Available For Sale Sales Beginning Inventory Question Attempts: 0 of 3 used