Sheffield Company has completed all of its operating budgets. The sales budget for the year shows 65,000 units and total sales of $2,925,000. The total cost of producing one unit is $20. Selling and administrative expenses are expected to be $390,000. Interest is estimated to be $13,000. Income taxes are estimated to be $260,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022