Carreras Caf is a Spanish restaurant in a college town. The owner expects that the number of meals served in June will be 40 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 4,400 meals at an average price of $20. In the summer (June through August), the average price of a meal typically increases by 35 percent and the average food cost of a meal increases by 10 percent. Other costs are typically unchanged during the summer. The following cost information is available for May.

Service costs (variable with respect to meals)
Variable service costs (with respect to meals)
Food costs	$	11,200
Labor		17,000
Other variable costs		6,100
Fixed service costs		9,200
Total service costs	$	43,500
Marketing and administrative costs
Marketing (variable with respect to meals)		6,000
Administrative (fixed)		4,700
Total marketing and administrative costs	$	10,700
Total costs	$	54,200

Required:

Prepare a budgeted income statement for June. (Do not round intermediate calculations.)