of Take me to the text The following is Gamma Hardware Corporation's income statement for the year ended March 31, 2020: Gamma Hardware Corporation Income Statement For the Year Ended March 31, 2020 Revenues Cost of Goods Sold Gross Profit Expenses: Administrative Costs $28,000 $15,000 $94,000 $25,000 Selling Costs Salaries Rent Total Expenses Net Income $760,000 $470,000 $290,000 $162,000 $128,000 Salaries are comprised of $62,000 in manager's salaries and $32,000 in office employees' salaries Gamma Hardware is a small business and it does not intend to spend a lot of time and money on budgeting. The manage 2021 budgeted income statement should simply reflect the following predicted changes from the 2020 income statement Revenues will increase by 3.5% Gross profit will increase by 8% Selling costs will decrease by 4% Managers' salaries will increase by 5% Administrative costs office emplovoor salarios

Take me to the text The following is Gamma Hardware Corporation's income statement for the year ended March 31, 2020: Salaries are comprised of $62,000 in manager's salaries and \$32,000 in office employees' salaries Gamma Hardware is a small business and it does not intend to spend a lot of time and money on budgeting. The manage 2021 budgeted income statement should simply reflect the following predicted changes from the 2020 income statement - Revenues will increase by 3.5% - Gross profit will increase by 8% - Selling costs will decrease by 4% - Managers' salaries will increase by 5% Take me to the text The following is Gamma Hardware Corporation's income statement for the year ended March 31, 2020: Salaries are comprised of $62,000 in manager's salaries and \$32,000 in office employees' salaries Gamma Hardware is a small business and it does not intend to spend a lot of time and money on budgeting. The manage 2021 budgeted income statement should simply reflect the following predicted changes from the 2020 income statement - Revenues will increase by 3.5% - Gross profit will increase by 8% - Selling costs will decrease by 4% - Managers' salaries will increase by 5%