Gibson Manufacturing Company established the following standard price and cost data.

Sales price $ 8.30 per unit

Variable manufacturing cost $ 3.10 per unit

Fixed manufacturing cost $ 2,700 total

Fixed selling and administrative cost $ 800 total

Gibson planned to produce and sell 2,700 units. Actual production and sales amounted to 2,900 units.

Required: Prepare the pro forma income statement in contribution format that would appear in a master budget.

Prepare the pro forma income statement in contribution format that would appear in a flexible budget.