The following information is available for RCA Industries from year 1 operations:

Sales revenue (65,000 units) $ 1,735,000

Manufacturing costs

Materials $ 260,000

Variable cash costs 565,000

Fixed cash costs 347,000

Depreciation (fixed) 180,000

Marketing and administrative costs

Marketing (variable, cash) 191,000

Marketing depreciation 61,000

Administrative (fixed, cash) 182,000

Administrative depreciation 25,000

Total costs $ 1,811,000

Operating profits (losses) $ (76,000)

All depreciation charges are fixed. Sales volume is expected to decrease by 2 percent. Sales price is expected to increase by 8 percent. On a per-unit basis, expectations are that materials costs will decrease by 5 percent and variable manufacturing cash costs will increase by 4 percent. Fixed cash manufacturing costs are expected to increase by 12 percent.

Variable marketing costs will change with volume. Administrative cash costs are expected to decrease by 15 percent. Inventories are kept at zero. Fairmount Industries operates on a cash basis. No change is expected in marketing or administrative depreciation.

Required: Prepare a budgeted income statement for year 2. Round your numbers to the nearest integers.

The following information is available for RCA Industries from year 1 operations: All depreciation charges are fixed. Sales volume is expected to decrease by 2 percent. Sales price is expected to increase by 8 percent. On a per-unit basis, expectations are that materials costs will decrease by 5 percent and variable manufacturing cash costs will increase by 4 percent. Fixed cash manufacturing costs are expected to increase by 12 percent. Variable marketing costs will change with volume. Administrative cash costs are expected to decrease by 15 percent. Inventories are kept at zero. Fairmount Industries operates on a cash basis. No change is expected in marketing or administrative depreciation. Required: Prepare a budgeted income statement for year 2 . Round your numbers to the nearest integers