Gulf States Manufacturing has the following data from year 1 operations, which are to be used for developing year 2 budget estimates: Sales revenues (18,500 units) Manufacturing costs Materials Variable cash costs Fixed cash costs. $1,665,000 $ 297,000 405,000 Depreciation (fixed). Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs Operating profits 162,000 200,000 208,000 50,000 200,000 $ 18,000 $1,540,000 $ 125,000 All depreciation charges are fixed. Old manufacturing equipment with an annual depreciation charge of $15,150 will be replaced in year 2 with new equipment that will incur an annual depreciation charge of $21,600. Sales volume and prices are expected to increase by 13 percent and 2 percent, respectively. On a per-unit basis, expectations are that materials costs will increase by 11 percent and variable manufacturing costs will decrease by 2 percent. Fixed cash manufacturing costs are expected to decrease by 8 percent. Variable marketing costs will change with volume. Administrative cash costs are expected to increase by 9 percent. Toro Gulf States operates on a cash basis. Required: Estimate the cash from operations expected in year 2. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.) GULF STATES MANUFACTURING Cash Basis Budgeted Income Statement For Year 2 Manufacturing costs: Total manufacturing costs Marketing and administrative costs: $ 0 Total cash marketing and administrative costs: Total cash costs $ 0 $ 0