Budgeted income statement. Micronet Company is a manufacturer of home security products. Regular units are manufactured to meet marketing projections, and specialized units are made after an order is received. maintaining the home security equipment is an important area of customer satisfaction. With the recent down turn in the technology industry, the home security equipment segment has suffered, leading to a decline Micronet's financial performance. The following income statement shows results for 2011: Micronet Company Income Statement For the Year Ended December 31, 2011 (in thousands) Revenues: Equipment $6,000 Maintenance 1,800 contracts