Just Post the Budgeted Income Statement

Deleon Inc. is preparing its annual budgets for the year ending December 31,2022 . Accounting assistants furnish the following. An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $560,000 for product JB 50 and $360,000 for product JB 60 , and administrative expenses of $540,000 for product JB 50 and $340,000 for product JB 60 . Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%