please solve it in excel with all the fourmulas so that i can know what to write in the excel please. -formulas are important (how to calculate cost of goods solved and gross profit...)

Q2. Michelle Enterprises reports the year-end information from 205 as follows: Michelle is developing the 206 budget. In 206 the company would like to increase selling prices by 10%, and as a result expects a decrease in sales volume of 5%. Cost of goods sold as a percentage of sales is expected to increase to 62%. Other than depreciation, all operating costs are variable. Required: Prepare a budgeted income statement for 206