Splish Company has completed all of its operating budgets. The sales budget for the year shows 45,600 units and total sales of $ 1,960,800. The total cost of making one unit of sales is $ 26. It estimates selling and administrative expenses to be $ 285,000 and income taxes to be $ 147,060. Prepare a budgeted income statement for the year ending December 31, 2022.

SPLISH COMPANY Budgeted Income Statement For the Year Ending December 31, 2022