Mansfield Information Systems (MIS) Is an IT support firm. Managers and staff are blled to clents on an hourly basis. The senlor administrative stafi does not directly provide client suppor Because of the cllentele of Mis, there is signlicant fluctuation from month to month. Managers are billed to cllents at a rate of $700 per hour and stafi at a rate of $350 per hour Managers are paid $210 per hour worked (including nonbillable time), and stafi are pald $130 per hour. The current plan calls for managers to bill 800 hours in November and 620 hours in December. Staff are expected to bill 6,100 hours in November and 4,800 hours In December Managers will work a total of 1,120 hours in both months, and staff will work a total of 7,800 hours in November and 6,000 hours in December. Other monthly costs (all fixed) are $750,000 selling, general, and acministrative, $150,000 in depreciatlon, and $250,000 in marketing. Required: Prepare a budgeted income statement for Mansfield Information Systems for November and December (separately)