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North Company has completed all of its operating budgets. The sales budget for the year shows 50,710 units and total sales of $2,458,900. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $304,700. Interest is estimated to be $10,000. Income taxes are estimated to be $226,100. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017. NORTH COMPANY Budgeted Income Statement For the Year Ending December 31, 2017 $ Sales Cost of Goods Sold 2,458,900 - Gross Profit Selling and Administrative Expenses -304,700 Income fromOperations Interest Expense -10,000 Income Before Income Taxes Income Tax Expense -226,100 $ Net Income / (Loss)