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Gig Harbor Boating is the wholesale distributor of a recreational sailboat. Management provided the following...

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Accounting

Gig Harbor Boating is the wholesale distributor of a recreational sailboat. Management provided the following data for budgeting purposes:
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
Required:
Prepare a budgeted income statement for the year.
\table[[Gig Harbor Boating],[Budgeted Income Statement],[,],[,],[,],[,],[,]]
700
$2,070
$1,605
$60
$200,000
$23,000
image

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