Your answer is partially correct. Try again. North Company has completed all of its operating budgets. The sales budget for the year shows 50,400 units and total sales of $2,275,400. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $302,700. Income taxes are estimated to be $244,050. Prepare a budgeted income statement for the year ending December 31, 2014