Wildhorse Company has completed all of its operating budgets. The sales budget for the year shows 46,500 units and total sales of $1,953,000. The total cost of making one unit of sales is $27. It estimates selling and administrative expenses to be $326,000 and income taxes to be $111,450.

Prepare a budgeted income statement for the year ending December 31, 2022.

WILDHORSE COMPANY

Budgeted Income Statement For the Year Ending December 31, 2022