The following information is available for year 1 for Pepper Products: $3,360,000 $ 198,000 168,000 386,000 1.177.000 Sales revenue (210,000 unit) Manufacturing costa Materials Variable cash costs Fixed cash coats Depreciation (fixed) Marketing and administrative costa Marketing variable, cash) Marketing depreciation Administrative (fixed, canh) Administrative depreciation Total costs Operating profita 498,000 176.000 599,000 88.000 53,290.000 70,000 All depreciation charges are fixed and are expected to remain the same for year 2. Sales volume is expected to fall by 4 percent, but prices are expected to rise by 14 percent. Material costs per unit are expected to increase by 11 percent. Other unit variable manufacturing costs are expected to decrease by 5 percent per unit. Fixed cash costs are expected to increase by 3 percent Variable marketing costs will change with unt volume. Administrative cash costs are expected to increase by 4 percent. Inventories are kept at zero. Pepper Products operates on a cash basis. Required: Prepare a budgeted Income statement for year 2. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amounts.) PEPPER PRODUCTS Budgeted Income Statement For Yoar 2 Manufacturing costs