Cymbal E$-$Motors is a fast$-$growing start$-$up firm that manufactures electric motors for bicycles. The following income statement is available for April:

Sales revenue $(920$ units @ $$2,400$ per unit$)$$ $2,208,000$

Less$$

Manufacturing costs$$Variable costs $65,600$

Depreciation $($fixed$)66,000$

Marketing and administrative costs$$

Fixed costs $($cash$)130,500$

Depreciation $($fixed$)74,000$

Total costs $$336,100$

Operating profits $$1,871,900$

Sales volume is expected to increase by $30$ percent in May, but the sales price is expected to fall $5$ percent. Variable manufacturing costs are expected to increase by $7\mathrm{.}5$ percent per unit in May. In addition to these cost changes, variable manufacturing costs also will change with sales volume. Marketing and administrative cash costs are expected to increase by $15$ percent.

All revenues and costs at Cymbal are cash transactions, except for depreciation. Cymbal maintains no inventories. Depreciation is fixed and is forecast to remain unchanged in the next six months. Cymbal E$-$Motors is a fast$-$growing start$-$up firm that manufactures electric motors for bicycles. The following income statement is available for April:

Sales volume is expected to increase by $30$ percent in May, but the sales price is expected to fall $5$ percent. Variable manufacturing costs are expected to increase by $7\mathrm{.}5$ percent per unit in May. In addition to these cost changes, variable manufacturing costs also will change with sales volume. Marketing and administrative cash costs are expected to increase by $15$ percent.

All revenues and costs at Cymbal are cash transactions, except for depreciation. Cymbal maintains no inventories. Depreciation is fixed and is forecast to remain unchanged in the next six months.

Required:

Prepare a budgeted income statement for May.

Note: Do not round intermediate calculations. $\backslash$begin$\{$tabular$\}\{|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{$ Cymbal E$-$Motors $\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{$ Fudgeted Income Statement $\}\backslash \backslash$

$\backslash$hline Sales revenue & $\backslash \backslash$

$\backslash$hline Manufacturing costs: & $\backslash \backslash$

$\backslash$hline Variable costs & $\backslash \backslash$

$\backslash$hline Depreciation $($fixed$)$ & $\backslash \backslash$

$\backslash$hline & $\backslash \backslash$

$\backslash$hline Total manufacturing costs & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$hline Gross profit margin & $\backslash \backslash$

$\backslash$hline Marketing and administrative: & $\backslash \backslash$

$\backslash$hline Fixed costs $($cash$)$ & $\backslash \backslash$

$\backslash$hline Depreciation $($fixed$)$ & $\backslash \backslash$

$\backslash$hline & $\backslash \backslash$

$\backslash$hline Total marketing and administrative costs & $\backslash \backslash$

$\backslash$hline Operating profit & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$