Estimated Fixed Cost Estimated Variable Cost (per unit sold) Production costs: Direct materials $17 Direct labor 12 Factory overhead $630,400 9 Selling expenses: Sales salaries and commissions 131,000 4 Advertising 44,300 Travel 9,800 Miscellaneous selling expense 10,800 3 Administrative expenses: Office and officers' salaries 128,000 Supplies 15,800 1 Miscellaneous administrative expense 14,860 2 Total $984,960 $48 It is expected that 10,640 units will be sold at a price of $192 a unit. Maximum sales within the relevant range are 13,000 units. Required: 1. Prepare an estimated income statement for 20Y7. Belmain Co.