The condensed budgeted income statement for the Debra and Gary partnership for 2022 is as follows: DEBRA AND GARY LLP Income Statement Year Ending December 31, 2022 Sales (307,200 units) Cost of goods sold Gross profit Operating expenses $1,536,000 1,024,000 512,000 Selling $358,400 Administrative 192,000 550,400 Operating loss $(38,400)