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

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.