Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 404,400 202,600 Unit selling price $23 $28 Production budget: Desired ending finished goods units 27,300 19,000 Beginning finished goods units 34,700 13,000 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 34,200 19,400 Beginning direct materials pounds 44,400 12,000 Cost per pound $3 $3 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $10 $10 Budgeted income statement: Total unit cost $14 $22 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $663,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $343,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. I just need part e. answered. e. Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products).