Lynch Locks makes bicycle locks. The budgeted selling price is $14.50 per lock, the variable cost is $11.00 per lock, and the budgeted fixed costs are $7,810 per month. Selling & Administrative costs amount to $9,600 for the month. Taxes are calculated at 30%. Prepare a budgeted Income Statement for an output level of 10,000 locks for the month ended April 30, 2021. Lynch Locks Income Statement For Month Ended April 30, 2021 Sales Revenue Cost of Goods Sold Gross Profit Selling & Administrative Expenses Net Income before Taxes Income Taxes Net Income