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Budgeted sales (in units)500 Selling price per unit $ 2,000 Cost...

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Accounting

Budgeted sales (in units)500
Selling price per unit $ 2,000
Cost per unit $ 1,600
Variable selling and administrative expenses (per unit) $ 75
Fixed selling and administrative expenses (per year) $ 105,500
Interest expense for the year $ 14,000
Required:
Prepare the companys budgeted income statement.

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