are and Evaluate Budgeted Income Statement Fairfield Stores, a retailer in a shopping mall, prepared the following income statement for its operations for the month just ended: Sales commissions were 5% of sales. Income taxes were 30% of income before income taxes. Both should continue at the same rate for the remainder of the year. management has decided to make some changes in the operations. The plans include the following: 1. Increase advertising expense by 40%. 2. Decrease all selling prices by 10%. 3. Increase the number of units sold by 25% as a result of the first two changes. a. Prepare a budgeted income statement for the month of May. Round all amounts on the income statement to the nearest dollar. b. Complete the following statement: Fairfield's management make the planned changes because the changes would result in a : n net income. Please answer all parts of the