Rhodes, Inc., is a fast-growing start-up firm that manufactures bicycles. The following income statement is available for July: Sales revenues (210 units $480 per unit) 100,800 Less Manufacturing costs 14,900 Variable costs Depreciation (fixed) 16,200 Marketing and administrative costs 37,000 Fixed costs (cash) Depreciation (fixed) 13,600 $ 81,700 $ 19,100 Total costs Operating profits Sales volume is expected to increase by 10 percent in August, but the sales price is expected to fall 10 percent. Variable manufacturing costs are expected to increase by 4 percent per unit in August. In addition to these cost changes, variable manufacturing costs also will change with sales volume. Marketing and administrative cash costs are expected to increase by 10 percent. Rhodes operates on a cash basis and maintains no inventories. Depreciation is fixed and should remain unchanged over the next three years. Required Prepare a budgeted income statement for August. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) RHODES, INC Budgeted Income Statement For the month of August Manufacturing costs