Create a CVP income statement.

Cost items Amount UOM Sweatshirt 10 per shirt Ink 0.75 per shirt Labor 72,000 per year Graphics Designer 500 per month Graphics Designer 0.1 per shirt Insurance and Prop Tax 2,240 annually Depreciation Factory Depreciation SG&A Rent factory 9,000 per year Rent - Office 3,000 per year Mtce - VC Mtce - FC Utilities VC Utilities FC Sales and Admin salaries 1,200 per month Sales commission 10% sales Advertising 400 per month Insurance and Prop Tax SGA 600 annually Hand operated press that applies ink to the shirt Light-exposure table Dryer conveyer belt that makes ink dry on the shirts Computer with graphics software and color printer Display furniture Used cash register 7,500 1,350 2,500 3,500 2,000 500 5 10 10 4 10 5 5