Concord Company has completed all of its operating budgets. The sales budget for the year shows 43,000 units and total s

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Concord Company has completed all of its operating budgets.
The sales budget for the year shows 43,000 units and
total sales of $1,935,000. The total cost of producing one unit is
$20. Selling and administrative expenses are expected to be
$258,000. Interest is estimated to be $8,600. Income taxes are
estimated to be $172,000.

Prepare a budgeted multiple-step income statement for the year
ending December 31, 2022.