Question: Help Save & Che ---- Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data
Help Save & Che ---- Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales 760 Selling price per unit $ 2.100 Cost per unit Variable selling and administrative expense (per unit) $ 1,690 $ 90 Fixed selling and administrative expense (per year) $ 200,000 Interest expense for the year $ 26,000 Required: Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement
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