a.) Prepare a GAAP Income Statement

b.) Prepare a CVP Income Statement

Skysong Corporation had sales of $3,080,000 for the year ended December 31, 2022. The unit selling price was $14. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $548,000 117,000 259,000 Fixed $800,000 54,000 78,000