cymbal E-Motors is a fast-growing start-up firm that manufactures electric motors for bicycles. The following income statement is ivailable for April: Sales volume is expected to increase by 30 percent in May, but the sales price is expected to fall 5 percent. Varfable manufacturing costs are expected to increase by 75 percent per unit in May. In asdition to these cost chanoes, variable manufacturing costs ofso wi 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 foxed and is forecest to remain unchanged in the next six months Required: Prepare a budgeted income statement for May. Note: Do not round intermediate calculations