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Oak Hammock Company developed the following information for its bucket sales: Sales price 56.50 per unit $1.50 per unit Variable cost of goods sold Fixed cost of goods sold $26,000 Variable selling expense 10% of sales price Variable administrative expense 50.25 per unit Riced selling expense $4,000 Fixed administrative expense 53,000 For the year ended December 31, 2020, Oak Hammock Company produced and sold 15,000 buckets Instructions a) Prepare a CVP Income statement using the contribution margin format for Oak Hammock Company for 2020. (By filling in the blanks) OAK HAMMOCK COMPANY Income Statement For the Year Ended December 31, 2020 Sales Variable expenses Cost of goods sold Administrative...... Selling expenses.. Total variable expenses. Contribution margin...... Fixed expenses Cost of goods sold Selling........ a) Prepare a CVP income statement using In the blanks) OAK HAMMOCK COMPANY Income Statement For the Year Ended December 31, 2020 Sales Variable expenses Cost of goods sold. Administrative Selling expenses Total variable expenses Contribution margin Fixed expenses Cost of goods sold. Selling... Administrative Total fixed expenses... Net income