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Paige Company has completed

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Paige Company has completed all of its operating budgets. The sales budget for the year shows 45,960 units and total sales of $2,202,800. The total unit cost of making one unit of sales is $24. Selling and administrative expenses are expected to be $295,380. Income taxes are estimated to be $201,095. Prepare a budgeted income statement for the year ending December 31, 2011.

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