I need help with part b.

Edward Lewis. an upandcoming fashion designer, created a new line of men's fashion socks in response to the growing number of celebrities who are expressing their individuality by replacing traditional navy and black socks with brighter colors and bold patterns. At a sales price of $14 per pair, Edward estimates monthly sales volume will be 25,300 pairs. Variable product costs will be $9.90 per pair and xed overhead will be $2.00 per pair. Sixty percent of the fixed overhead is directly traceable to the new sock line. To promote the socks, Lewis proposes a $1.28 per pair commission to the company's salespeople and a $11,800 per month advertising campaign. In compliance with corporate policy, the socks will also be allocated $45,800 in xed corporate support costs. (a) V Your answer is correct. Prepare a traditional monthly income statement for the proposed sock line. [Enter negative amounts using eithera negative sign preceding the number e3. 45 or parentheses e3. (45).) Edward Lewis Monthly Income Statement Sales revenue $ 354.200 Cost of goods sold V ill Variable $ 250.470 n ' 50.600 n Fixed V 301.070 i Gross margin 53.130 Operating expenses II ' Commissions V ' 82.384 ' Advertising V' ' 11.800 a Corporate support V 45.800 89.984 i Operatingincomefiloss} V $ {36.854 eTextbook and Media (b) Your answer is partially correct. Prepare a monthly income statement that highlights the proposed sock line's segment margin. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Edward Lewis Monthly Income Statement Sales revenue to V to e Textbook and MediaI Your answer is partially corre Prepare a monthly income statement a negative sign preceding the number as Sales revenue V \\/ Segment margin Commissions Sales revenue El Cost of goods sold Traceable fixed expenses Variable expenses Contribution margin Advertising :| eTextbook and Media