Assume the company expects to produce and sell 1,500 units during the following month at a price of $100 per unit:

Please explain how do you get each number for the income statements

a. Prepare an income statement based on financial reporting b. Prepare an income statement based on the contribution margin approach

c. Calculate the contribution margin per unit d. Calculate the break-even point in units per month

Exhibit 1 W Sports Supplies (A) Income Statement for Most Recent Year of Operation Revenues Cost of goods sold (COGS) Gross margin Selling, general, and administrative expenses (SG&A) Profit before tax Source: All exhibits created by author $1,680,000 1164,075 515,925 324,225 190,700 Exhibit 2 W Sports Supplies (A) Production/Sales Levels and Costs by Month Actual units 1,000 1,100 1,175 1,250 1,410 1,520 1,600 1,710 1,800 1,970 970 1,970 1,510 1,650 1,450 1,200 1,210 1,900 1,890 1,600 1,700 1,850 Actual cost 100,000 106,000 s 105,000 120,000 128,000 $ 132,000 135,000 140,000 S 148,000 150,000 150,000 120,000 140,000 130,000 115,000 $ 112,000 130,000 154,000 162,000 143,000 148,000 143,000 an Feb Mar Apr May un Jul LIl Se Oct OV Dec an Feb Mar Apr May un Jul Oct OV Dec