Gulf States Manufacturing has the following data from year 1 operations, which are to be used for developing year 2 budget estimates: Sales revenues (15,500 units) Manufacturing costs $1,395,000 Materials $ 249,000 Variable cash costs 339,000 Fixed cash costs 135,000 Depreciation (fixed) 167,000 Marketing and administrative costs Marketing (variable, cash) 172,000 Marketing depreciation 41,000 Administrative (fixed, cash) 164,000 Administrative depreciation $ 15,000 $1,282,000 $ 113,000 Total costs Operating profits All depreciation charges are fixed. Old manufacturing equipment with an annual depreciation charge of $14,850 will be replaced in year 2 with new equipment that will incur an annual depreciation charge of $21,300. Sales volume and prices are expected to increase by 9 percent and 5 percent, respectively. On a per-unit basis, expectations are that materials costs will increase by 7 percent and variable manufacturing costs will decrease by 2 percent. Fixed cash manufacturing costs are expected to decrease by 5 percent. Variable marketing costs will change with volume. Administrative cash costs are expected to increase by 5 percent. Inventories are kept at zero. 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: Total cash marketing and administrative costs Total cash costs