im not sure if i did some correctly please help! Gig Harbor Boating...
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im not sure if i did some correctly please help!
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 Bales 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 500 $ 1,970 $ 1,460 $ 50 $ 196,000 $ 13,000 Required: Prepare the company's budgeted income statement for the year. 965,000 730,000 Gig Harbor Boating Budgeted Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating Income Interest expense Net Income 113000
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im not sure if i did some correctly please help! 