Mansfield Information Systems (MIS) is an IT support firm. Managers and staff are billed to clients on an hourly basis. The senior administrative staff does not directly provide client support. Because of the clientele of MIS, there is significant fluctuation from month to month. Managers are billed to clients at a rate of $810 per hour and staff at a rate of $405 per hour. Managers are paid $320 per hour worked (including nonbillable time), and staff are paid $185 per hour. The current plan calls for managers to bill 910 hours in November and 730 hours in December. Staff are expected to bill 6,320 hours in November and 5,020 hours in December. Managers will work a total of 1,340 hours in both months, and staff will work a total of 8,020 hours in November and 7,100 hours in December. Other monthly costs (all fixed) are $755,500 selling, general, and administrative, $155,500 in depreciation, and $261,000 in marketing. Required: Prepare a budgeted income statement for Mansfield Information Systems for November and December (separately)