4. Prepare a traditional Income Statement assuming a 1.rolume of HUD units. For the cost of goods sold. please use the per unit cost you calculated in #1. We do not have to prepare any additional schedules. l muld use a similar format to exhibit 15-3 on page "31 I recommend that you list out all operating expenses given above. Do not use iust Selling and GeneraHAdministrative Expenses for your categories. Points will be lost by not listing out all period costs. You can ignore interest and income tax expense