Information for Colone Ltd. follows: Utilities Year Units sold cost $ 2012 29,000 $228,000 2013 30,000 $236,000 2014 31,000 $242,000 2015 32,000 $248,000 2016 27,000 $218,000 2017 38,000 $288,000 2018 44,000 $326,000 2019 47,000 $346,000 2020 48,000 $352,000 2021 45,000 $332,000 Utilities is known to be a mixed cost Other costs and their cost formulas are as follows: Depreciation expense $180,000 per year Sales commissions 10% of sales Insurance $8,500 each month Sales salaries $320,000 per year Cost of goods sold $30 per unit The income tax rate is 20%(c) In 2022 the company plans to sell 30,000 units at a selling price of $75 per unit. Prepare a Contribution Format Income Statement for the year ending December 31, 2022 using the template below. Use the High-Low estimates above for the mixed utilities cost. Colone Limited Income Statement (projected, contribution format) Year ended December 31, 2022 Total Per Unit of Sales Sales Variable costs COGS Sales Commissions Variable utilities Total variable costs Contribution margin Fixed costs Depreciation Insurance Sales salaries Fixed utilities Total fixed costs Operating income Income Tax Net Income