Question 23 (6 points) Listen Please prepare income statement and email as attachment. Thanks Biz & Ness Enterprises reports the year-end information from 2020 as follows: Sales (100,000 units) $500,000 Less: Cost of goods sold 300,000 Gross profit 200,000 Operating expenses (includes $20,000 of depreciation) 120 000 Operating income $ 60,000 Biz & Ness is developing the 2021 budget. In 2021 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 6236. Other than depreciation, all operating costs are variable. Ignore taxes. Required: Prepare a budgeted income statement for 2021