Lynch Locks makes bicycle locks. The budgeted selling price is $14.90 per lock, the variable cost is $11.00 per lock, and the budgeted fixed costs are $8,120 per month. Selling \& Administrative costs amount to $9,600 for the month. Taxes are calculated at 40%. Prepare a budgeted Income Statement for an output level of 10,200 locks for the month ended April 30 , 2021