Answer Happy

Exercise 8-8 (Algo) Budgeted Income Statement [LO8-9] Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process. Budgeted unit sales: Selling price per unit Cost per unit Variable selling and administrative expense (per unit) Fixed selling and administrative expense (per year)) Interest expense for the year 520 $ 1,980 $1,660 $ 60 $ 105,000 $ 14,000

Prepare the company's budgeted income statement for the year. Gig Harbor Boating Budgeted Income Statement