Michelle wants to make the following changes: $(1)$ increase average selling prices by $15\%$; this increase is expected to lower sales volume so that total sales dollars will increase only $4\%.(2)$ Buy merchandise in larger quantities and take all purchase discounts. These changes to purchasing practices are expected to increase the gross profit rate from its current $20\%$ to a new rate of $25\%.$ Michelle does not anticipate that these changes will have any effect on on operating expenses. Anthony thinks expenses can be cut my making the following changes: $(1)$ cut $2028$ sale salaries of $$75,750$ in half and give sales personnel a commission of $2\%$ of net sales $(2)$ reduce store deliveries to one day per week rather than twice a week.; this change will reduce $2028$ delivery expenses of $$50,500$ by $40\%.$ Anthony feels that these changes will not have any effect on net sales.

How will the projected income state for the year ended December $31,2028$ look like based on information provided?