Add the following Products to be sold: OS mel 1. Compact Carburetors 2. Deluxe Carburetors 3. COST of Goods Sold Price $150 $400 60% of Sales Isionsni Cost Jan Units 60% 25 60% 10 Owner invested $24,000 in the company on the first day. 4. Minimum Cash Balance = $5,000 5. Fixed expenses will increase by 10%. Fixed Asset Purchases a. 2-Service trucks = $25,000 each (1 Purchased in January / 1 Purchased in July) (60mo Life, $3,000 each Salvage value) b. 2-Laptop Computers = $1,000 each (Purchased in January) (36mo Life, $0 Salvage value) c. LaserJet Printer = $500 (Purchased in July) (36mo Life, $0 Salvage value) d. 4- Mechanic Tool Sets = $500 ea. (All purchased in July) (60mo Life, $0 Salvage value) Assignment - Prepare a 12 month Income Statement and Cash budget based on this revised data given on your own.