Swifty Company has completed all of its operating budgets. The sales budget for the year shows $54,000$ units and total sales of $$2,430,000.$ The total cost of producing one unit is $$25.$ Selling and administrative expenses are expected to be $$324,000.$ Interest is estimated to be $$10,800.$ Income taxes are estimated to be $$216,000.$

Prepare a budgeted multiple$-$step income statement for the year ending December $31,2022.$

SWIFTY COMPANY Budgeted IncomeGtatement

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