boxes in YELLOW need filled in

1 To aid in planning, Jay Corporation is preparinga contribution format income statement. 3 Budgeted information for Quarter 1 of Year 3: 17,000 4 Sales in units 48.00 5 Sales price per unit 7 After analyzing expenses, the company has determined the following cost patterns. 8 Cost of goods sold 29.00 per unit 9.50% per dollar of sales 9 Sales commissions 11 Administrative salaries 45,000.00 per quarter 27,000.00 per quarter 12 Rent expense 36,000.00 per quarter 13 Depreciation expense 15 Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: 16 17 Year 1 Total Shipping Cost Units 67,000.00 18 Quarter 1 12,500 19 Quarter 2 94,000.00 21,000 20 Quarter 3 89,800.00 13,800 21 Quarter 4 92,600.00 20,000 22 Year 2