Budgeted income statement The operating results in summanzed form for a retail computer store for this year are Revenue Hardware sales Software sales Maintenance contracts Total revenue Costs and expenses Cost of hardware sales Cost of software sales Customer maintenance costs Marketing expenses Administrative expenses Total costs and expemes $10.500.000 4,400,000 2,640,000 $17.600.000 17.392.000 2640,000 1,320,000 1,40.000 2,464,000 $15,224,000 $2.376,000 Operating income The computer store is in the process of formulating its operating budget for next year and has made the following assumptions: The selling prices of hardware are expected to increase 10 percent but there will be no selling price increases for software and maintenance contracts Hardware unit sales are expected to increase 5 percent with a corresponding 5 percent growth in the number of maintenance contracts: growth in unit software sales is estimated at 8 percent The cost of hardware and software is expected to increase 4 percent. Marketing expenses will be increased 5 percent in the coming year. Three technicians will be added to the customer maintenance operations in the coming year, increasing the customer maintenance costs by $264.000 Administrative costs will be held at the same level. Compute the computer retail store's budgeted operating income for next year. $0 Check