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North Company has completed all of its operating budgets. The sales budget for the year shows 50,740 units and total sales of $2,166,000. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $303,000. Interest is estimated to be $10,000. Income taxes are estimated to be $202,400.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92770100

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