You are the new Controller of Frame-It Company; they are a manufacturer of metal picture frames. Jeffrey Vaughn, president of Frame-It Company, was just concluding a budget meeting with the entire senior staff (which includes you). It was November of 2023, and the assembled group was discussing preparation of the firm's master budget for 2024. Vaughn declared - "We have reached our limits in producing frames the way we currently have been doing things, so I've decided to go ahead and purchase the industrial robot we've been talking about. We'll make the acquisition on January 2 of next year, and I expect it will take most of the year to train the personnel and reorganize the production process to take full advantage of the new equipment. I have every expectation that this new equipment can help us meet the demands from our customers and bring us to new heights of performance and grow our 2024 net income by at least 12%