Chapter 8 Exercises i Saved Help Save & Exit Submit 99 Check my work 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: 20 points 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 520 $ 1,980 $ 1,660 $ 60 $ 105,000 $ 14,000 eBook Hint Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement Ask Print References