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BE9-8 North Company

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BE9-8 North Company has completed all of its operating budgets. The sales budget for
the year shows 50,000 units and total sales of $2,250,000. The total unit cost of making
one unit of sales is $25. Selling and administrative expenses are expected to be $300,000.
Income taxes are estimated to be $210,000. Prepare a budgeted income statement for the
year ending December 31, 2014.

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