Exercise $8-8($Algo$)$ Budgeted Income Statement $[$LO$8-9]$

Gig Harbor Boating is the wholesale distributor of a recreational sailboat. Management provided the following data for budgeting. purposes:

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

Required:

Prepare a budgeted income statement for the year.

$\backslash$table$[[$Gig Harbor Boating$],[$Budgeted Income Statement$],[,],[,],[,],[,],[,],[,]]$

$640$

$$2,040$

$$1,370$

$785$

$$300,000$

$$20,000$