Best Video Company is a manufacturer of video-conferencing products. Regular units are manufactured to meet marketing projections, and specialised units are made after an order is received. Maintaining the video-conferencing equipment is an important area of customer satisfaction. With the recent downturn in the computer industry, the video-conferencing equipment segment has suffered, leading to a decline in Best Video's financial performance. The following income statement shows results for this year. (Click the icon to view the income statement.) Best Video's management team is in the process of preparing the budget for next year and is studying the following informatic (Click the icon to view the information.) Prepare a budgeted income statement for the year ending December 31, next year. (Round your answers to the nearest whole Data table - Best Video Company Budgeted Income Statement for next year (in thousands) Revenues: Equipment Maintenance contracts Total revenues Cost of goods sold Gross margin Operating costs Marketing Distribution Customer maintenance Administration Total operating costs Operating income | | Best Video Company Income Statement For the Year Ended December 31, this year (in thousands) Revenues: Equipment 8,000 1,700 Maintenance contracts Total revenues Cost of goods sold Gross margin Operating costs Marketing Distribution Customer maintenance Administration Total operating costs Operating income 9,700 4,100 5,600 690 180 1,900 990 3,760 1,840