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Fred Enterprises reports the year-end information from 2014 as follows Fred is developing the 2015 budget In 2015, the company would like to increase selling

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Fred Enterprises reports the year-end information from 2014 as follows Fred is developing the 2015 budget In 2015, the company would like to increase selling prices by 10 %, and as a result, expects a decrease in sales volume of 8% Cost of goods sold as a percentage of sales is expected to increase to 68%. Other than depreciation, all operating costs are variable. Prepare a budgeted income statement for 2015

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