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Prepare a budgeted income statement for the year

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Reference no: EM133059666

Question - Perine Company has completed all of its operating budgets. The sales budget for the year shows 50,000 units and total sales of $2,000,000. The total unit east of making one unit of sales is $22. Selling and administrative expenses are expected to be $300,000. Income taxes are estimated to be $150,000. Prepare a budgeted income statement for the year ending December 31, 2010.

Reference no: EM133059666

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