A budgeted income statement integrates the sales budget, cost of goods sold budget, and selling and administrative expenses budget, but excludes estimates of other revenue, other expense, and income tax.

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A budgeted income statement integrates all components of a business's financial activities, including estimates of sales, cost of goods sold, selling and administrative expenses, other revenue, other expenses, and income tax, to provide a comprehensive overview of expected financial performance.

A Budgeted Income Statement Integrates the Sales Budget, Cost of Goods