i have attached my work below

Cycle-1 is a fast-growing start-up firm that manufactures bicycles. The following income statement is available for October $ 305, 300 Sales revenue (430 units & $710 per unit) Less Manufacturing costs Variable costs Depreciation (fixed) Marketing and administrative conta Fixed costs (cash) Depreciation (fixed) Total costs Operating profita 27,000 27.900 66,300 23,000 $144,200 $161,100 Sales volume is expected to increase by 20 percent in November, but the sales price is expected to fall 5 percent. Variable manufacturing costs are expected to increase by 3 percent per unit in November. 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 10 percent Cycle-1 operates on a cash basis and maintains no inventories. Depreciation is fixed and should remain unchanged over the next three years. Required: Prepare a budgeted income statement for November. (Do not round intermediate calculations.) CYCLE-1 Budgeted Income Statement For the month of November Sales revenue $ $ 348,042 Less Manufacturing costs: Variable costs $ 33,372 Depreciation (fixed) 27,900 $ 61,272 $ 286,770 Total manufacturing costs Gross profit margin Less Marketing and Administrative Fixed costs (cash) Depreciation (fixed) $ $ 72,930 23,000 $ Total marketing and administrative costs Operating profit 95,930 190,840 $