18, Ceriweden, Inc. has provided the following financial data for the year: nits produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative costs Fixed manufacturing overhead Fixed selling and administrative costs 3,500 units $220 per unit $25 per unit S45 per unit $30 per unit $20 per unit $105,000 per year S140,000 per year There are no beginning inventories. Prepare an income statement for the year using a.) the traditional format b.) contribution margin format