Preparing a budgeted income statement oliver company provided the following information for the coming year: units produced and sold 160,000 cost of goods sold per unit $6.30 selling price $11 variable selling and administrative expenses per unit $1.10 fixed selling and administrative expenses $423,000 tax rate 18 % required: prepare a budgeted income statement for oliver company for the coming year. round all income statement amounts to the nearest dollar. oliver company budgeted income statement for the coming year sales $
cost of goods sold
gross margin $
less: variable selling and administrative expenses
less: fixed selling and administrative expenses
operating income $
less: income taxes
net income $