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Prepare a budgeted multiple-step income statement for year

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Question - North Company has completed all of its operating budgets. The sales budget for the year shows 50,220 units and total sales of $2,414,100. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $309,700. Interest is estimated to be $10,000. Income taxes are estimated to be $226,200.

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

Reference no: EM131671439

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