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Prepare a budgeted multiple-step income statement

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Question - North Company has completed all of its operating budgets. The sales budget for the year shows 51,020 units and total sales of $2,459,000. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $309,400. Interest is estimated to be $10,000. Income taxes are estimated to be $204,800.

Prepare a budgeted multiple-step income statement for the year ending December 31, 2017.

Reference no: EM132098128

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