Response to the following problem:
Lester Company provided the following information for the coming year:
Units produced and sold .............................................60,000
Cost of goods sold per unit ..............................................$18
Selling price ................................................................$27
Variable selling and administrative expense per unit ...............$2.70
Fixed selling and administrative expense ........................$243,000
Tax rate .....................................................................35%
Required:
Prepare a budgeted income statement for Lester Company for the coming year. (Round all income statement amounts to the nearest dollar.)