Franklin Manufacturing Company established the following standard price and cost data. sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.80 per unit $3.60 per unit $2,500 total $500 total Franklin planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 units. Required a. Prepare the pro forma income statement in contribution 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. Complete this question by entering your answers in the tabs below Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. FRANKLIN MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,700 Units Complete this question by entering your answers in the tabs below Required ARequired B Prepare the pro forma income statement in contribution format that would appear in a flexible budget FRANKLIN MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,900 Units Required A Required B