. Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. ASSIGNMENT RESOURCES Chapter 24 Problem 24-02A a-e Exercise 24-19 Exercise 24-15 Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). Product JB 50 Product JB 60 DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2020 403,200 $23 203,300 $28 Review Score Review Results by Study Objective JB 50 JB 60 Total 28,000 33,500 17,000 12,100 $ $ $ Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost 1 33,100 44,900 2 16,400 14,900 $4 $3 0.3 $11 0.6 $11 $14 $14 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $665,000 for product JB 50 and $362,000 for product JB 60, and administrative expenses of $545,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. $ Click if you would like to Show Work for this question: Open Show Work