Exercise 8-1A (Algo) Preparing master and flexlble budgets LO 8-1 Baird Manufacturing Company established the following standard price and cost data. Balrd planned to produce and sell 2,400 units. Actual production and sales amounted to 2,600 units. Required a. Prepare the pro forma income statement in contrbution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget