The following fictitious summary data has been provided for the company to use in the annual budgeting process: 460 Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expense (per unit) $75 Fixed selling and administrative expense (per year) Interest expense for the year $1,950 $1,575 $105,000 $14,000 Prepare the company's budgeted income statement for the year. Hint: Refer to learning objective 8-9 (schedule 9) from the text. 51

The following fictitious summary data has been provided for the company to use in the annual budgeting process: Prepare the company's budgeted income statement for the year. Hint: Refer to learning objective 8-9 (schedule 9) from the text