Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:

$\backslash$table$[[,1$st Quarter,$2$nd Quarter $3$rd Quarter $4$ th Quarter,,$],[$Budgeted unit sales,$15,000,16,000,14,000,13,000]]$

The company's variable selling and administrative expense per unit is $$2\mathrm{.}50.$ Fixed selling and administrative expenses include advertising expenses of $$8,000$ per quarter, executive salaries of $$35,000$ per quarter, and depreciation of $$20,000$ per quarter. In addition, the company will make insurance payments of $$5,000$ in the first quarter and $$5,000$ in the third quarter. Finally, property taxes of $$8,000$ will be paid in the second quarter.

Required:

Prepare the company's selling and administrative expense budget for the upcoming fiscal year. $($Round "Per Unit" answers to $2$ decimal places.$)$

$\backslash$table$[[$Weller Company,$],[$Variable selling and administrative expense per unit,Selling and Administrative Expense Budget,,$],[$Variable selling and administrative expense,,,$],[,,,],[,,,]]$

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 expense $($per unit$)$

Fixed selling and administrative expense $($per year$)$

Interest expense for the year

$460$

$$1,950$

$$1,575$

$$75$

$$105,000$

$$14,000$

Required:

Prepare the company's budgeted income statement for the year.

$\backslash$table$[[$Gig Harbor Boating$],[$Budgeted Income Statement$],[$Accounts receivable,$$,897,000],[$Cost of goods sold,,$759,000],[$Gross margin,,$138,000],[$Net operating loss$],[,,],[$Net income,$$,19,000]]$