Exercise 13-44 (Algo) Prepare Budgeted Financial Statements (LO 13-5) Cymbol E-Motors is a fast-growing stan-up firm that manufoctures elctric 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. Variable manufacturing conts are expected to increose by 7.5 percent per unit in May, In addition to these cost changes, variable manufacturing costs also will change with sales volume. Marketing and adminisuative cosh costs are expected to increase by 15 percent. All revenues and costs of Cymbal are cash transactions, except for depreciation. Cymbal maintains no inventonies. Depreciation is fixed and is forecost to remain unchanged in the next six months. Required: Prepare a budgeted income statement for Moy Note: Do not round intermediate calculations