Problem 9-2A (Part Level Submission) (Video) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020, Accounting assistants furnish the data shown below. Product JB 50 Product B 60 404,400 $22 201,000 327 28,800 34,100 17,600 13,100 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning Finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted income statement: Total unit cost 34,600 41,100 16,400 13,000 $10 $13 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of 5662.000 for product 50 and 5365,000 for product 60, and administrative expenses of $545,000 for product 8 50 and $345,000 for product 18 50. Interest expense is $150.000 (not allocated to products). Income taxes are expected to be 30% Return to Blackboard Weygandt, Managerial Accounting, se Help System Announcements Your answer is partially correct. Try again. Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2020 JB 50 JB 60 Total Sales 8896800 J 5427000 143223800 Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold Operating Expenses JO DODO I DODO Selling Expenses Administrative Expenses Total Operating Expenses Interest Expense Income before Income Taxes Income Tax Expense Net Income / (Loss) Click If you would like to Show Work for this question: gren Show Work