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Sheridan Company has completed all of its operating budgets. The sales budget for the year...

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Accounting

Sheridan Company has completed all of its operating budgets. The sales budget for the year shows 57,000 units and total sales of $2,565,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $342,000. Interest is estimated to be $11,400. Income taxes are estimated to be $228,000.
Prepare a budgeted multiple-step income statement for the year ending December 31,2022.
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