Detailed Instructions: Initial Post The following fictitious summary data has been provided for the company to use in the annual budgeting process: Budgeted unit sales 460 Selling price per unit $1,950 Cost per unit $1,575 Variable selling and administrative expense (per unit) $75 Fixed selling and administrative expense (per year) $105,000 Interest expense for the year $14,000 Prepare the company's budgeted income statement for the year. Hint: Refer to learning objective 8-9 (schedule 9) from the text.

Detailed Instructions: Initial Post The following fictitious summary data has been provided for the company to use in the annual budgeting process: Prepare the company's budgeted income statement for the year. Hint: Refer to learning objective 8.9 (schedule 9) from the text