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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

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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 fail 5 percent. Variable manufacturing costs are expected to increase by 75 percent per unit in May In addition to these cost changes. variable manufacturing cosis 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 inventories. Depreciation is fixed and is forecast to remain unchanged in the next six mionths: Required: Prepare a budgeted income statement for May. Note: Do not round intermediote calculations. rrepare a budgeted income statement tor May. Note: Do not round intermediate calculations

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