Prepare the projected income statement by referring to the amounts:

Production Budget
	Tops	Dresses	Sweaters	Apparels	Swimwear	Accessories	Jeans
Forecasted Unit Sales	2500	2200	1500	1500	1200	1000	840
Add: Planned Finished Goods Ending Inventory (5 % of Forecasted Sales)	125	110	75	75	60	50	42
Less: Beginning Finished Goods Inventory (10% of last year's forecasted sales)	240	210	140	140	110	90	84
Required Units to be Produced	2385	2100	1435	1435	1150	960	798

Sales budget for the year

Clothing	units	per unit price	total sales	cost per unit	total cost	Gross profit
Jeans	840	81	68040	27	22680	45360
Tops	2500	60	150000	20	50000	100000
Dresses	2200	90	198000	30	66000	132000
Sweaters	1500	108	162000	36	54000	108000
Apparel	1500	240	360000	80	120000	240000
Swimwear	1200	120	144000	40	48000	96000
Accessories	1000	150	150000	50	50000	100000
Total			123240		410680	821360

Operating expense budget for the next year:

Particulars	Amount($)
Office salaries	166950
Office supplies	12000
Sales salaries	253050
Communication expense	17250
Depreciation expense	54900
Rent expense	60000
Utilities expense	82800
Bank charges	6050
Miscellaneous expense	19887.5
Total	672887.5