Seattle Cat 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	380
Selling price per unit	$ 1,850
Cost per unit	$ 1,425
Variable selling and administrative expenses (per unit)	$ 85
Fixed selling and administrative expenses (per year)	$ 105,000
Interest expense for the year	$ 11,000

Required:

Prepare the company