C D Anyway, I am quite comfortable with preparing a traditional income statement (this is the income statement learned to prepare in financial accounting! However, the owners are intented in quite a few CVP concepts. I learned about these in my introductory managerial accounting course but it's been awhile. Could you help me classify each of the operating Note from or All form te variable or fixed expenses (Part A below)? After that, I think it would be helpful to prepare a CVP income statement (Part 2) so that those other concepts (like break even in etc) can be calculated (Part C) My mom thought it would be a great idea to present these calculations along with detailed explanations to all of the owners since three of the actively involved in the day to day operations of the business. Oh, I should tell you, the owners do not have an accoun they can understand. Thanks so much for your help! und so we have to explain those CVP ne the amiver boxes D lator and input the final awe result in rounding errors and you will inct. The applicati for all calculate in the chudy Sales Mountain Sports Ltd. Income Statement For the Year Ended Dec 31, 2021 Cost of goods sold Gross margin Part A: Cost Classification (Chapter 2, 63 (5 marks) 1,899,217 801,700 1,097,517 Required: Classify each of the below operating expenses as variable or fleed Cost Cost of goods sold increases proportionately with sales Employees are paid fleed monthly salaries supplemented by a commission on all sales for the Parts & Service department's sales (see ecte 1 below for sales for each Operating expenses (See notes) Adverthing 97,000 Monthly Salaries Depreciation 23.200 Commission as a percentage of sales Property taxes 38.412 Rent components Rent 109.984 Monthly Parts & service expenses 95.655 Rent as a percentage of sales Sceltethea 12 000 Variable or Fixed ad You will be marked as de out flow