#10

Larkspur Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $10. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $773,000 $795,000 Selling expenses 125,000 61,000 Administrative expenses 242,000 70,000 Prepare a GAAP income sta For the Year Ended December 31, 2022 For the Quarter Ended December 31, 2022 December 31, 2022 Sales $ 3,000,000 Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses $ Administrative Expenses - III Total Operating Expenses Net Income/(Loss) $ For the Year Ended December 31, 2022 For the Quarter Ended December 31, 2022 December 31, 2022 Total Per Unit Sales $ 3,000,000 $ Variable Costs : Cost of Goods Sold $ Selling Expenses Administrative Expenses Total Variable Costs Contribution Margin $ Fixed Costs : Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Costs Net Income/(Loss) 4 $