Cycle-1 is a fast-growing start-up firm that manufactures bicycles. The following income statement is available for October:

Sales revenue (570 units @ $650 per unit)	$	370,500
Less
Manufacturing costs
Variable costs		23,000
Depreciation (fixed)		25,900
Marketing and administrative costs
Fixed costs (cash)		65,800
Depreciation (fixed)		23,600
Total costs	$	138,300
Operating profits	$	232,200

Sales volume is expected to increase by 10 percent in November, but the sales price is expected to fall 10 percent. Variable manufacturing costs are expected to increase by 3 percent per unit in November. In addition to these cost changes, variable manufacturing costs also will change with sales volume. Marketing and administrative cash costs are expected to increase by 5 percent.

Cycle-1 operates on a cash basis and maintains no inventories. Depreciation is fixed and should remain unchanged over the next three years.

Required:

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

please answer it carefully!!! thank you!!

CYCLE-1 Budgeted Income Statement For the month of November Less Manufacturing costs: Total manufacturing costs Less Marketing and Administrative Total marketing and administrative costs