Hello, I need help checking my answers. Here is the attached assignment viewed as a PDF and opened in Excel. Please type/write any of your answers that are on the rightmost side of your answer sheet underneath on the left side or some how because I am unable to view it on the right side because it gets cut off and I am unable to view the right side of the answer page in Chegg. Please make the answers on the right edge viewable for me on here, thanks! :)

D G B E Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. 4 5 8 9 11 Thwart Products Inc. produces smart phones. The company has no finished goods inventory at the beginning of year 1. The following information pertains to Thwart Products Inc. 6 7 Annual production (units) 160,000 Sales price per unit $ 300 Variable production cost per unit: 10 Direct materials $ 80 Direct labor $ 70 12. Manufacturing overhead $ 60 13 14 Fixed production costs $ 260,000 15 16 Variable selling and admin cost per unit $ 16 17 Fixed selling and admin costs per year $ 310,000 18 19 All 160,000 units produced during year 1 were sold during year 1. 20 21 Required: A. Prepare a traditional income statement assuming the company uses 22 absorption costing. 23 B. Prepare a contribution margin income statement assuming the 24 company uses variable costing. Sheet Sheet1 Sheet2 Ready A B U D E G 1 Required: A. Prepare a traditional income statement assuming the company uses -2 absorption costing. 23 B. Prepare a contribution margin income statement assuming the 24 company uses variable costing. 25 Your answers to this open-ended assignment should be placed in the space below this line. 26 27 28 29 A Absorption Costing Income Statement 30 Sales Cost of goods sold Gross margin 31 32 33 34 Variable selling and admin costs Fixed selling and admin costs Total selling and admin costs 35 36 37 Operating profit 38 39 40 41 A B D E 1 2 B Variable Costing Income Statement 13 Sales 14 15 Variable costs: Variable production costs Variable selling and admin costs Total variable costs 46 47 48 49 50 51 52 53 54 55 56 57 58 Fixed costs: Fixed Production costs Fixed Selling and Admin costs Total fixed costs Operating profit 59 60 61 62 63 64