The following information is available for year 1 for Pepper Products Sales revenue (110,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative Pined, cash) Administrative depreciation Total cos Operating profits 19,200,000 $133,00 132.000 250.000 787,000 332,000 198.000 550.000 56.000 All depreciation charges are fixed and are expected to remain the same for year 2 Sales volume is expected to fall by 7 percent, but prices are expected to rise by 10 percent. Material costs per unit are expected to increase by 14 percent. Other unit variable manufacturing costs are expected to decrease by 5 percent per unit. Foed cash costs are expected to increase by 6 percent Variable marketing costs will change with unt volume Administrative cash costs are expected to increase by 7 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 PEPPER PRODUCTS Budgeted Income Statement For Year 2 Manufacturing costs Total manufacturing costs Marketing and administrative costs $ Total marketing and administrative costs Total costs 5