Please answer with detailed calculations and good formatting and make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for unprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm.

Cycle-1 is a fast-growing start-up firm that manufactures bicycles. The following income statement is available for October. Sales revenue (350 units @ $710 per unit) $248, 580 Less Manufacturing costs Variable costs 27, 080 Depreciation (fixed) 25,380 Marketing and administrative costs Fixed costs (cash) 65,580 Depreciation (fixed) 22,090 Total costs $139, 808 Operating profits $108, 780 Sales volume is expected to Increase by 20 percent In November, but the sales price is expected to fall 10 percent. Variable manufacturing costs are expected to Increase by 4 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 5 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 Less Manufacturing costs: Total manufacturing costs Marketing and Administrative Total marketing and administrative costs