The following information is available for year 1 for Dancer Components Sales revenue (360,000 units) 7,200,000 Manufacturing costs 425,000 Materials 359,000 Variable cash costs 826,000 Fixed cash costs 2,518,000 Depreciation Marketing and administrative costs 1,067,000 Marketing (variable, cash) Marketing depreciation 380,000 1,291,000 Administrative (fixed, cash) 187,000 Administrative depreciation 7,053,000 Total costs 147,000 operating profits All depreciation charges are fixed and are expected to remain the same for year 2. Sales volume is expected to increase by 19 percent, but prices are expected to fall by 2 percent. Material costs per unit are expected to decrease by 9 percent. Other unit variable manufacturing costs are expected to decrease by 2 percent per unit. Fixed manufacturing cash costs are expected to increase by 6 percent. Variable marketing costs will change with volume. Administrative cash costs are expected to increase by 11 percent. Inventories are kept at zero. Dancer operates on a cash basis Required: Prepare a budgeted income statement for year 2. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)