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Current Attempt in Progress Sunland Company has completed all of its operating budgets. The sales budget for the year shows 47,000 units and total sales of $2,115,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $282,000. Interest is estimated to be $9,400. Income taxes are estimated to be $188,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. Budgeted Income Statement Purchases Net Income/ (Loss) Interest Expense Income Before Income Taxes Selling and Administrative Expenses Operating Expenses Beginning Inventory Total Operating Expenses Gross Profit Ending Irventory Cost of Goods Sold Income Tax Expense Incomefrom Operations Sales