We have the income statement for Cindy Weather Company for the year as given below:$$

Cindy Weather Company$$

Income Statement for the Year $2022$

Sales $$

$$450,000$

Less: Expenses

$$

Sales Commission$$

$$45,000$

Sales Salaries$$

$$50,000$

Administrative salaries$$

$$75,000$

Supplier Expense$$

$$5,000$

Rent Expenses$$

$$120,000$

Miscellaneous Expenses$$

$$15,000$

Total Expense$$

$$310,000$

Income from Operations $$

$$140,000$

Less: Income Tax $(30\%)$

$$42,000$

Net Income$$

$$98,000$

The following changes are anticipated for this year:$$

Sales will increase by $5\%.$

Sales commissions will remain stagnant at $10\%$ of sales.$$

Sales and administrative salaries will increase by $3\%.$

Supplies, rent and miscellaneous expenses will remain unchanged.$$

Income taxes will be at $30\%$ of the net income.$$

On the basis of the information, prepare a budgeted income statement for this service concern.