Farnsworth Drycleaners has capacity to clean up to 7,500 garments per month. (Click the icon to view the cost schedule.) Assume that Farnsworthcharges customers $10per garment for dry cleaning. Prepare Farnsworthprojected income statement if 4,260garments are cleaned in JulyFirst, prepare the income statement using the traditional format then prepare Farnsworthsontribution margin income statement. Begin by preparing the projected income statement using the traditional format. (Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.) Farnsworth Drycleaners Projected Income Statement Month Ended July 31 Less: Next complete the projected contribution margin income statement. (Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.) Farnsworth Drycleaners Projected Contribution Margin Income Statement Less: Less Month Ended July 31 E Begin by preparing the projected income statement using the traditional format. (Round your answers to the nearest whole dollar. Enter losses with p Farnsworth Drycleaners Projected Income Statement Month Ended July 31. Less: Data table - X 4,500 Next complete the p Garments 6,000 Garments 7,500 Garments Enter losses with parentheses on Fa Total variable costs $ 3,150 $ 4,200 $ 5,250 Projected Cont Total fixed costs 14,400 14,400 14,400 N $ Total operating costs 17,550 $ 18,600 $ 19,650 Variable cost per garment S 0.70 $ 0.70 $ 0.70 Less: Fixed cost per garment 3.20 2.40 1.92 $ 3.90 $ Average cost per garment 3.10 $ 2.62 Less: Print Done