value 10.00 points Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales Selling price per unit Cost per unit Variable selling and administrative expenses (per unit) $50 Fixed selling and administrative expenses (per year) $200,000 Interest expense for the year 680 $2,060 $1,680 $22,000 Required: Prepare the company's budgeted income statement using an absorption income statement format shown Gig Harbor Boating Budgeted Income Statement DOLL