2 5 points eBook Ask References 5 Problem 13-56 (Algo) Prepare Budgeted Financial Statements (LO 13-5) Coyle Manufacturing reports the following information for year 1: Sales revenue (69,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs Operating profits (losses) $ 5,265,000 $ 311,000 256,000 599,000 1,809,000 850,000 278,000 925,000 143,000 $ 5,171,000 $ 94,000 All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent. Variable marketing costs will change with unit volume. Administrative cash costs are expected to decrease by 10 percent. Inventories are kept at zero. Coyle Manufacturing operates on a cash basis. Required: Prepare a budgeted income statement for year 2 for Coyle Manufacturing. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. 2 points Manufacturing costs: eBook Ask References Coyle Manufacturing Budgeted Income Statement For Year 2 Total manufacturing costs Marketing and administrative costs: Total marketing and administrative costs Total costs