Concord Company has completed all of its operating budgets. The sales budget for the year shows 50,640 units and total sales of $2,354,100. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $305,500. Interest is estimated to be $10,000. Income taxes are estimated to be $225,500. Prepare a budgeted multiple-step income statement for the year ending December 31, 2017. CONCORD COMPANY Budgeted Income Statement choose the accounting period select an income statement item $enter a dollar amount select an income statement item enter a dollar amount select a closing name for section one enter a total amount for section one select an income statement item enter a dollar amount select a closing name for section two enter a total amount for section two select an income statement item enter a dollar amount select a closing name for section three enter a total amount for section three select an income statement item enter a dollar amount select a closing name for this statement $enter a total net income or loss amount
