Vaughn Company has completed all of its operating budgets. The sales budget for the year...
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Accounting
Vaughn Company has completed all of its operating budgets. The sales budget for the year shows 62,000 units and total sales of $2,790,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $372,000. Interest is estimated to be $12,400. Income taxes are estimated to be $248,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022.
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