DP11-2 My Company and Your Company provide rafting tours on Big Bear River. My Company pays tour guides fixed salaries. It budgets salaries expense at $160,000 per year. Your Company pays tour guides $40 per rafter served. Rafters are charged $50 per tour. Both companies expect to carry approximately 4,000 rafters during the year. Required a. Prepare budgeted annual income statements for the two companies. b. In an effort to lure rafters away from Your Company, My Company lowers the price per rafter to $39. Prepare revised income statements for both companies. Assume that My Company serves 6,000 rafters who each pay $39 per tour, while Your Company serves only 2,000 rafters who pay $50 per tour. c. Assume you are president of Your Company. Offer defensive strategies. d. Suppose Your Company matches the $39 price set by, My Company. Prepare income statements for both companies assuming that each company serves 4,000 customers