Please solve

Budgeted income statement Last year's income statement for Cooper Company is as follows: This year, unit sales of 40,000 are expected to increase by 25 percent, material and labor costs are expected to increase by 10 percent per unit. Dverhead is applied to production based on a percentage of direct labor costs, Ficed sellieg expenses total 19.600; the remainder varies with sales dollars. All adininistrative costs are fixed, Management desires to earn 10 percent on sales this year and will adjust the unit selling price if necessary. Develop a budgeted income statement for the year for Cooper Company that incorporates the indicated changes. Note: Do not use negative signs with your answers. Note: After calculating your selling price per unst, round your answer to two decimal plates and use this rounded amount to calculate sales in total