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Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has...

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Accounting

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
Selling price per unit
cost per unit
Variable selling and administrative expense (per unit)
Fixed selling and administrative expense (per year)
Interest expense for the year
480
$1,960
$1,350
$440
$225,000
$12,000
Required:
Prepare the company's budgeted income statement for the year.
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