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We have the income statement for Cindy Weather Company for the year as given below:...

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Accounting

We have the income statement for Cindy Weather Company for the year as given below:
We have the income statement for Cindy Weather Company for the year as given below:
The following changes are anticipated for this year:
1. Sales will increase by 5%.
2. Sales commissions will remain stagnant at 10% of sales.
3. Sales and administrative salaries will increase by 3%.
4. Supplies, rent and miscellaneous expenses will remain unchanged.
5. Income taxes will be at 30% of the net income.
On the basis of the information, prepare a budgeted income statement for this service concern.
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