& Ch5: Homework Question 10 of 14 -1 = Teal Mountain Corporation had sales of $3,000,000 for the year ended December 31, 2027. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $838,000 $750,000 Selling expenses 121,000 64,000 Administrative expenses 241,000 75,000 Prepare a GAAP income statement. TEAL MOUNTAIN CORPORATION GAAP Income Statement \f& Ch5: Homework Question 10 of 14 -1 = Prepare a CVP income statement. (Round per unit answers to 2 decimal places, e.g. 15.25.) TEAL MOUNTAIN CORPORATION CVP Income Statement Total Per Unit v $ $ v $ v $