Jolly Cleaners offers residential and commercial cleaning services. Clients pay a fixed monthly fee for the service, but can cancel the service at the end of any month. In addition to the employees who do the actual cleaning, the firm includes two managers who handle the administrative tasks (human resources, accounting, and so on) and one dispatcher, who assigns the cleaning employees to jobs on a daily basis On average, residential clients pay $350 per month for cleaning services and the commercial clients pay $1,400 per month. A typical residential client requires 15 hours a month for cleaning and a typical commercial client requires 60 hours a month. In March, Jolly Cleaners had 50 commercial clients and 150 residential clients. Cleaners are paid $12 per hour and are only paid for the hours actually worked, Supplies and other variable costs are estimated to cost $4 per hour of cleaning Other monthly costs (all fixed) are $35,000 SG&A, including managerial and dispatcher salaries, and $2,500 in other expenses. Jolly Cleaners has earned positive reviews on social media in the area and the managers expect to grow. For April, they forecast a 5 percent increase in residential clients and a 12 percent increase in commercial clients. Required: Prepare a budgeted Income statement for Jolly Cleaners for April (Round intermediate calculations to nearest whole number.) JOLLY CLEANERS Budgeted Income Statement For the month of April Revenues Commercial $ Residential Total revenue $ Expenses Cleaner compensation $ Supplies SGLA 78.400 55,125 133,525 68.670 22.890 35,000 2500 129,050 4,465 Other expenses Total expenses Income $ $