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

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

The following changes are anticipated for this year:$$

$1.$ Sales will increase by $5\%.$

$2.$ Sales commissions will remain stagnant at $10\%$ of sales.$$

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

$4.$ Supplies, rent and miscellaneous expenses will remain unchanged.$$

$5.$ 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.