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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 8 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.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ CYCLE-1 } \\ \hline \multicolumn{2}{|c|}{ Budgeted Income Statement } \\ \hline Less & \\ \hline Manufacturing costs: & \\ \hline Total manufacturing costs & $ \\ \hline Less & $ \\ \hline Marketing and administrative: & $ \\ \hline Total marketing and administrative costs & $ \\ \hline \end{tabular}