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Coyle Manufacturing reports the following information for year 1 : Sales revenue ( 8 0 , 0 0 0 units ) $ 5 , 4

Coyle Manufacturing reports the following information for year 1:
Sales revenue (80,000 units) $ 5,430,000
Manufacturing costs
Materials $ 322,000
Variable cash costs 256,000
Fixed cash costs 610,000
Depreciation (fixed)1,820,000
Marketing and administrative costs
Marketing (variable, cash)960,000
Marketing depreciation 289,000
Administrative (fixed, cash)936,000
Administrative depreciation 154,000
Total costs $ 5,347,000
Operating profits (losses) $ 83,000
All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent.
Variable marketing costs will change with unit volume. Administrative cash costs are expected to decrease by 10 percent. Inventories are kept at zero. Coyle Manufacturing operates on a cash basis.
Required:
Prepare a budgeted income statement for year 2 for Coyle Manufacturing.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.

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