Sheridan Company has completed all of its operating budgets. The sales budget for the year shows 52,800 units and total sales of $2,481,600. The total cost of making one unit of sales is $27. It estimates selling and administrative expenses to be $286,000 and income taxes to be $231,000. Prepare a budgeted income statement for the year ending December 31, 2022. SHERIDAN COMPANY Budgeted Income Statement For the Year Ending December 31, 2022 $ v