Required information The following information applies to the questions displayed below! Gulf States Manufacturing has the following data from year 1 operations, which are to be used for developing year 2 budget estimates 91.260.000 Barevances 14,000 units) Hanufacturing conte Matrite Variable cash cont Fixed cash costs Depreciation fixed) Marketing and Administrative conta NH HNG V CHI Marketing depreciation Ministrative ind, canh) Ministrative depreciation Totalcoat Operating profits $225,000 307,000 125.000 151.000 160,000 39.000 156,00 5 16,000 11,175.000 05,000 All depreciation charges are forced. Old manufacturing equipment with an annual depreciation charge of $15,750 will be replaced in year 2 with new equipment that will incur an annual depreciation charge of $22.200 Sales volume and prices are expected to increase by 14 percent and 3 percent, respectively, On a per-unit basis, expectations are that materials costs will increase by 12 percent and variabile manufacturing costs wil decrease by 2 percent. Fixed cash manufacturing costs are expected to decrease by 9 percent Variable marketing costs will change with volume. Administrative cash costs are expected to increase by 10 percent Inventories are kept at zero. Gulf States operates on a cash basis Required: stimate the cash from operations expected in year 2. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts.) Required: Estimate the cash from operations expected in year 2. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts.) QUE DES SACTURING Clodgeted com For You les revenu Manufacturing costs Materiale Varech con Fed cash Tous manufacturing cost 0 Marketing able cash Administrative dh) Touch Cashoorn