Cymbal E$-$Motors is a fast$-$growing start$-$up firm that manufactures electric motors for bicycles. The following income statement is avallable for April:Sales volume is expected to increase by $30$ percent in May, but the sales price is expected to fall $5$ percent. Varlable manufacturing costs are expected to increase by $7\mathrm{.}5$ percent per unit in May. In addition to these cost changes, varlable manufacturing costs also will change with sales volume. Marketing and administrative cash costs are expected to increase by $15$ percent.

All revenues and costs at Cymbal are cash transactions, except for depreciation. Cymbal maintains no inventorles. Depreciation is fixed and is forecast to remain unchanged in the next six months.

Required:

Prepare a budgeted Income statement for May.

Note: Do not round intermedate calculations.

$\backslash$table$[[$Cymbal E$-$Motors,$],[$Fudgeted Income Statement,$],[$For the Month of May,$],[$Manufacturing costs:,$],[$Total manufacturing costs,$],[$Marketing and administrative:,$],[$Tolal marketing and administrative costs,$],[,],[,]]$