Lester Company provided the following information for the coming year:

Units produced and sold ...............60,000

Cost of goods sold per unit ................$18

Selling price ......................$27

Variable selling and administrative expense per unit .......$2.70

Fixed selling and administrative expense ..........$243,000

Tax rate .......................35%

Required:

Prepare a budgeted income statement for Lester Company for the coming year. (Round all income statement amounts to the nearest dollar.