Erick Manufacturing Company established the following standard price and cost information:

Sales Price	$50 per unit
Variable manufacturing cost	$32 per unit
Fixed manufacturing cost	$100,000 total
Fixed selling and administrative cost	$40,000 total

Erick expected to produce and sell 10,000 units. Actual production and sales amounted to 9,500 units. Required: a) Prepare the pro forma income statement in contribution format that would appear in Erick's master budget for the year (based on the planned level of activity). b) Prepare the pro forma income statement in contribution format that would appear in Erick's flexible budget (based on the actual level of activity).