Coverall Inc. produces and sells a unique type of case for a standardsize tablet computer that is guaranteed waterproof but still allows for regular functionality of the tablet, The company hasjust opened a new plant to manufacture these cases, and the following cost and revenue data have been provided for the first month of the plant's operation in the form ofa worksheet: Beginning inventory $ 9 Units produced 28,998 Units sold 19,668 Selling price per unit $ 92 Selling and administrative expenses: Variable per unit $ 8 Fixed (total) $513,998 Manufacturing costs: Direct materials cost per unit 3 24 Direct labour cost per unit $ 14 Variable manufacturing overhead cost per unit $ 4 Fixed manufacturing overhead cost (total) $756,668 Since the new case is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. b. Prepare an income statement for the month, (Do not leave any empty spaces; input a 0 wherever it is required.) 6 Answer is not complete. Sales 0 $ 1,748,000 0 Cost of goods sold: Beginning inventory 0 Add: Cost of goods manufactured a Goods available for sale 0 0 Less: Ending inventory 0 437,000 9 (437,000) Gross margin 0 1,311,000 Selling and administrative expenses 0 Operating loss a $ 1,311,000 b. Prepare a contribution format income statement for the month. (Do not leave any empty spaces; input a O wherever it is required.) 0 Answer is not complete. Sales 0 $ 1,748,000 0 Variable expenses: Variable cost of goods sold: Fixed selling and administrative expense 0 $ 798,000 9 798,000 798,000 798,000 950,000 Fixed expenses: Ending inventory a 0 Operating loss a $ 950,000