mework Cyde-115 a fast-growing start-up firm that manufactures bicycles. The following income statement is available for October $28, cee 25,000 Sales revenue (4 units @ $700 per unit) Less Manufacturing costs Variable costs Depreciation (fixed) Marketing and administrative costs Fixed costs (cash) Depreciation (fixed) Total costs Operating profits 25, tee 66,500 24,200 5143,00 $138,200 Sales volume is expected to increase by 10 percent in November, but the sales price is expected to fall 5 percent. Vartable manufacturing costs are expected to increase by 3 percent per unit in November in addition to these cost changes, variable manufacturing costs also will change with sales volume Marketing and administrative cash costs are expected to increase by 10 percent Cycle-1 operates on a cash basis and maintains no Inventones. Depreciation is fixed and should remain unchanged over the next three years Required: Prepare a budgeted Income statement for November (Do not round Intermediate calculations.) CYCLES Duarte income statement For the month of November Less Manufacturing costa Total manufacturing Les Marketing and Administrative Tamating and access