North company has completed all of its operating budgets. the sales budget for the year shows 50,820 units and total sales of $2,391,000. the total unit cost of making one unit of sales is $23. selling and administrative expenses are expected to be $303,100. interest is estimated to be $13,060. income taxes are estimated to be $220,400. prepare a budgeted multiple-step income statement for the year ending december 31, 2020.

We are given all the details of the activity and the results of those activities, like the cost and revenue.

The multi step income statement shall be as follows:

Income:

Revenue from Sales                             = $2,391,000

Other Income                                         =   $0

Total Revenue                                       = $2,391,000

Expenses:

Cost of goods sold                                = $1,168,860

$23 50,820

Selling and Administrative                   = $303,100

Interest Expense                                    = $13,060

Total Expenses                                     = $1,485,020

Net Income before Taxes                    = $905,980

Less: Taxes on income                         = $220,400

Income from Continuing Operations = $685,580

d. to get countries or companies to stop doing something objectionable.