Connors Limitedhas provided the following information:

Unit Sales:

Month Units Sales Total Sales

October 4,000 $120,000

November 3,800 $114,000

December 5,800 $174,000

January 3,600 $108,000

February 3,000 $90,000

March 4,700 $141,000

April 5,600 $168,000

Cost Data:

Month Wages Rent Overhead Depreciation Electricity

October $61,220 $6,500 $18,420 $14,000 $7,200

November $59,445 $6,500 $17,770 $14,000 $6,840

December $68,500 $6,500 $22,820 $14,000 $10,440

January $58,920 $6,500 $17,110 $14,000 $6,480

February $56,600 $6,500 $16,660 $14,000 $5,400

March $63,330 $6,500 $19,850 $14,000 $8,460

April $67,205 $6,500 $21,220 $14,000 $10,080

You have just accepted a summer job in the accounting department of Connors Limited.You are working with the controller and she has asked you to assist her with projecting the income statement for the month of May.She is aware that you have completed your module on cost behavior and that you have been introduced to the Contribution Margin Format Income Statement.The Controller has indicated to you that Connors Limitedis projecting sales in May of 4,300 units and there will be no change in sales price.Further, she informs you that any variable or mixed costs are impacted solely on units sold.

Required:

Prepare the Projected Contribution Margin Format Income Statement for May