prepare the cash budget and income statement

By switching suppliers, the unit cost to purchase Pedal Classic ebikes will drop by 30% while the unit cost of folding Urban Dream ebikes will remain the same. Tracie would like to keep the selling price of Pedal Classic the same. Due to the slightly less well known branding of the ebikes, Tracie believes that sales volume for the Pedal Classic will fall by 10% for each month in 2023 compared to the corresponding month in 2021. (e.g. Jan 2023's growth/decfine based on Jan 2021, Feb 2023 's growth/decline is based on Feb 2021 etc). Tracie believes that the Folding Urban Dream ebikes don't make enough margin and so the plan is to increase the selling price on Folding Urban Dream by 25\%. Tracie believes that due to the increase in selling price, Folding Urban Dream's sale volume will decrease by 30% for each month in 2023 compared to the corresponding month in 2021. As a result of the decrease in ebike's demand, Conor estimates the repair hours will also decrease by 20% for each month in 2023 compared to the coeresponding month in 2021. The selling price of repairs will remain the same. The catch with the new supplier is that there will be a more stringent credit term in purchases of inventory. All purchases with the new supplier are still on a credit basis, however, 80% of the amount needs to be settled in the same month of purchase with the remaining 20% settled one month later. For the credit term in sales of ebikes, the business plans to continue its instore credit policy for their customers. To further reduce costs, Tracie and Conor would like to reduce the salary of some staff. Specifically, they would like to reduce the office staff's and sale assistants' salary by 15%. The repair technicians' salary will remain the same. The business will also be implementing 'green' measures to reduce the utilities consumption of water, gas and electricity ty 20%. Conor also believes the business insurance has been a waste of money as they have never needed to make a daim. He plans to change the insurance policy to reduce the annual premium by 50%. In addition, the marketing expense is considered to be too hight, and thus Tracie plans to switch to a new online marketing channel which will reduce the annual marketing expense by 30%. All these changes are teiative to 2021 amounts. All other fixod costs will decrease by 102 based on 2021 amounts. After the Ist year of the new project, in 2024, both the service volume and sales volume are expected to increase by 52N for each month in 2024 compared to the corresponding month in 2023 By switching suppliers, the unit cost to purchase Pedal Classic ebikes will drop by 30% while the unit cost of Folding Urban Dream ebikes will remain the same. Tracie would like to keep the selling price of Pedal Classic the same. Oue to the slightly less well known branding of the ebikes, Tracie believes that sales volume for the Pedal Classic will fall by 10% for each month in 2023 compared to the corresponding month in 2021. (e.g. Jan 2023 's growth/decline is based on Jan 2021, Feb 2023 's growth/dedine is based on Feb 2021 etc). Tracic believes that the Folding Ur ban Dream ebikes don't make enough margin and so the plan is to increase the selling price on Folding Urban Dream by 25\%. Tracie believos that due to the increase in selling price, Folding Urban Dream's sale volume will decrease by 30x for each month in 2023 compared to the corresponding monthin 2021. As a result of the decrease in ebike's demand, Conor estimates the repair hours will also decrease by 20% for each month in 2023 compared to the corresponding month in 2021 . The selling price of repairs will remain the same. The catch with the new supplier is that there will be a more stringent credit term in purchases of inventory. All purchases with the new supplier are still on a eredit basis, however, 80% of the amount needs to be settled in the same month of purchase with the remaining 20% settled one month later. For the aedit torm in sales of ebikes, the business plans to continue its instore credit policy for their customers. To further reduce costs, Iracie and conor would like to reduce the salary of some staft. Specifically, they would like to reduce the office statf's and sale assistants' salary by 15\%, The repair technicians' salary will remain the same. The business will also be implementing 'green' measures to reduce the utilities consumption of water, gas and electricity by 20%. Conor also belicves the business insurance has been a waste of money as they have never needed to make a claim. He planis to change the insurance policy to reduce the annual premium by 505 . In addition, the marketing expense is considered to be too hiel, and thus Tracie plans to switch to a new online marketing channel which will reduce the annual marketing expense by 30. All these changes are relative to 2021 amounts. All other fwid costs will decrease by 10% based on 2021 amounts. Atter the 2st year of the now projoct, in 2024, both the service volume and sales volume are expected to increase by 5% for each month in 2024 compared to the corresponding month in 2023. By switching suppliers, the unit cost to purchase Pedal Classic ebikes will drop by 30% while the unit cost of folding Urban Dream ebikes will remain the same. Tracie would like to keep the selling price of Pedal Classic the same. Due to the slightly less well known branding of the ebikes, Tracie believes that sales volume for the Pedal Classic will fall by 10% for each month in 2023 compared to the corresponding month in 2021. (e.g. Jan 2023's growth/decfine based on Jan 2021, Feb 2023 's growth/decline is based on Feb 2021 etc). Tracie believes that the Folding Urban Dream ebikes don't make enough margin and so the plan is to increase the selling price on Folding Urban Dream by 25\%. Tracie believes that due to the increase in selling price, Folding Urban Dream's sale volume will decrease by 30% for each month in 2023 compared to the corresponding month in 2021. As a result of the decrease in ebike's demand, Conor estimates the repair hours will also decrease by 20% for each month in 2023 compared to the coeresponding month in 2021. The selling price of repairs will remain the same. The catch with the new supplier is that there will be a more stringent credit term in purchases of inventory. All purchases with the new supplier are still on a credit basis, however, 80% of the amount needs to be settled in the same month of purchase with the remaining 20% settled one month later. For the credit term in sales of ebikes, the business plans to continue its instore credit policy for their customers. To further reduce costs, Tracie and Conor would like to reduce the salary of some staff. Specifically, they would like to reduce the office staff's and sale assistants' salary by 15%. The repair technicians' salary will remain the same. The business will also be implementing 'green' measures to reduce the utilities consumption of water, gas and electricity ty 20%. Conor also believes the business insurance has been a waste of money as they have never needed to make a daim. He plans to change the insurance policy to reduce the annual premium by 50%. In addition, the marketing expense is considered to be too hight, and thus Tracie plans to switch to a new online marketing channel which will reduce the annual marketing expense by 30%. All these changes are teiative to 2021 amounts. All other fixod costs will decrease by 102 based on 2021 amounts. After the Ist year of the new project, in 2024, both the service volume and sales volume are expected to increase by 52N for each month in 2024 compared to the corresponding month in 2023 By switching suppliers, the unit cost to purchase Pedal Classic ebikes will drop by 30% while the unit cost of Folding Urban Dream ebikes will remain the same. Tracie would like to keep the selling price of Pedal Classic the same. Oue to the slightly less well known branding of the ebikes, Tracie believes that sales volume for the Pedal Classic will fall by 10% for each month in 2023 compared to the corresponding month in 2021. (e.g. Jan 2023 's growth/decline is based on Jan 2021, Feb 2023 's growth/dedine is based on Feb 2021 etc). Tracic believes that the Folding Ur ban Dream ebikes don't make enough margin and so the plan is to increase the selling price on Folding Urban Dream by 25\%. Tracie believos that due to the increase in selling price, Folding Urban Dream's sale volume will decrease by 30x for each month in 2023 compared to the corresponding monthin 2021. As a result of the decrease in ebike's demand, Conor estimates the repair hours will also decrease by 20% for each month in 2023 compared to the corresponding month in 2021 . The selling price of repairs will remain the same. The catch with the new supplier is that there will be a more stringent credit term in purchases of inventory. All purchases with the new supplier are still on a eredit basis, however, 80% of the amount needs to be settled in the same month of purchase with the remaining 20% settled one month later. For the aedit torm in sales of ebikes, the business plans to continue its instore credit policy for their customers. To further reduce costs, Iracie and conor would like to reduce the salary of some staft. Specifically, they would like to reduce the office statf's and sale assistants' salary by 15\%, The repair technicians' salary will remain the same. The business will also be implementing 'green' measures to reduce the utilities consumption of water, gas and electricity by 20%. Conor also belicves the business insurance has been a waste of money as they have never needed to make a claim. He planis to change the insurance policy to reduce the annual premium by 505 . In addition, the marketing expense is considered to be too hiel, and thus Tracie plans to switch to a new online marketing channel which will reduce the annual marketing expense by 30. All these changes are relative to 2021 amounts. All other fwid costs will decrease by 10% based on 2021 amounts. Atter the 2st year of the now projoct, in 2024, both the service volume and sales volume are expected to increase by 5% for each month in 2024 compared to the corresponding month in 2023