I need help with completing the budget income statement inputs.

ME Budgeted Income Statement Pendleton Company, a merchandising company, is developing its master budget for 201 5. The income statement for 2014 is as follows: Pnldlelnll Company Imm For?\" Elltilg mu. 314 Gross as is: $3,000,000 Less: Etimabed uncollectible acoouni: {50,030} Net sales 2.540.000 Cost ofgoods sold 11,650,000]: Gross prot 1,290,000 Operating expenses [including $25,000 depreciation) {350,000} Net income $540,000 The following are management's goals and forecasts for 2015: 1. Selling prices will increase by 6 percent. and salesvcilume will increase tryd percent. 2. The cost of merchandise will increase by 3 percent. 3. All operating expense-5am xed and are paid in the munch incurred. Price increases for operatingexpenses will he 10 percent. The oompany uses straight-line depreciation. 4. The Etirnated uncollectihles are 2 percentofbucige'ted sales. Required Prepare a budgeted functional income statement for 2015. Do not use negative signs with any ofyour answers. mm Illdgehldhmm Furle'h'anringnm 31.315 Sales 5 Less: Etimabed uncollectible accounis Netsale-s Cost ofgoods sold Gross prot Operating expenses Net income 5