The bottom highlighted section for the budgeted income statement is where I am lost. I have filled in some parts but am not sure they are correct. Please help me complete the budgeted income statement.

Problem 9-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Produc t JB 50 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost Produc t JB 60 404,200 201,400 $21 $28 29,100 16,800 31,200 14,600 1 2 32,000 19,500 41,700 14,100 $3 $3 0.4 0.6 $12 $12 $12 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $663,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $342,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Your answer is correct. Prepare the sales budget for the year. DELEON INC. Sales Budget For the Year Ending December 31, 2017 JB 50 Expected unit sales JB 60 404200 Total 201400 $ $ Unit selling price 21 28 $ $ $ Total sales 8488200 5639200 14127400 LINK TO TEXT LINK TO TEXT Your answer is correct. Prepare the production budget for the year. DELEON INC. Production Budget For the Year Ending December 31, 2017 JB 50 Expected Unit Sales JB 60 404200 201400 29100 16800 433300 218200 31200 14600 402100 203600 Add : Desired Ending Finished Goods Units Total Required Units Less : Beginning Finished Goods Units Required Production Units LINK TO TEXT LINK TO TEXT Your answer is correct. Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2017 JB 50 JB 60 Units to be Produced 402100 203600 Direct Materials per Unit 1 2 Total Pounds Needed for Production 402100 407200 32000 19500 434100 426700 41700 14100 392400 412600 Total Add : Desired Ending Direct Materials Total Materials Required Less : Beginning Direct Materials Direct Materials Purchases $ Cost per Pound 3 $ 3 $ Total Cost of Direct Materials Purchases 1177200 $ 1237800 $ 2415000 LINK TO TEXT LINK TO TEXT Your answer is correct. Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Units to be Produced 402100 203600 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 160840 122160 $ Direct Labor Cost per Hour $ 12 12 $ Total Direct Labor Cost Total $ 1930080 $ 1465920 3396000 LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2017 JB 50 JB 60 $ Total $ $ Sales 8488200 5639200 Selling Expenses 663000 364000 Administrative Expenses 541000 342000 Total Operating Expenses 1204000 706000 14127400 Cost of Goods Sold Gross Profit Operating Expenses $ $ Income before Income Taxes Income Tax Expense Interest Expense 150000 $ Net Income / (Loss) LINK TO TEXT LINK TO TEXT