Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The sales budget for the year shows 50,600 units and total sales of $2,317,800.
The total unit cost of making one unit of sales is $22.
Selling and administrative expenses are expected to be $304,000.
Income taxes are estimated to be $270,180.
Income statement:
Sales= 2,317,800
COGS= (22*50,600)= (1,113,200)
Gross profit= 1,204,600
Selling and administrative= (304,000)
Tax= (270,180)
Net operating profit= $630,420
