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8 points Abtalum Enterprises reports the year-end information from 2018 as follows Sales (100,000 units) $500,000 Less Cost of goods sold 30.000 Gross pront 200,000

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8 points Abtalum Enterprises reports the year-end information from 2018 as follows Sales (100,000 units) $500,000 Less Cost of goods sold 30.000 Gross pront 200,000 Operating expenses includes $20.000 of depreciation) 120.000 Net income 5.80.000 Christy is developing the 2019 budget. I 2019 the comp would like to increase selling prices by 10% and as a result expects a decrease in de volume of Cost of foods sold sa percentage of sales is expected to increase to 62. Other than depreciation, all operating costs are variable Required Prepare a budgeted income statement for 2019, For the toolbar, press ALT=F10 (PC) or ALTFNF10Mac) BI V $ Paragraph Arial 14px 21. X iii 111 a

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