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\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Coyle Manufacturing } \\ \hline \multicolumn{2}{|c|}{ Fudgeted Income Statement } \\ \hline Manufacturing costs: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total manufacturing costs & \\ \hline Marketing and administrative costs: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total marketing and administrative costs & \\ \hline Total costs & \\ \hline \end{tabular} Coyle Manufacturing reports the following information for year 1 : All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent. Variable marketing costs will change with unit volume. Administrative cash costs are expected to decrease by 10 percent. Inventories are kept at zero. Coyle Manufacturing operates on a cash basis. Required: Prepare a budgeted income statement for year 2 for Coyle Manufacturing. Note: Do not round intermediate calculations

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