Johnson Company is a merchandising firm that is the sole distributer of a product that is increasing in popularity with consumers. The company's income statements (traditional format) for the three most recent months is shown in Table 1. 3. Table 1-Johnson Company Income Statement (Traditional format) July 5,000 Aug 5,500 Sept F, V, or 6,000 M? Sales in units 500,000 250,000 250,000 $550,000 $600,000 300,000 300,000 Sales revenue Cost of goods sold Gross margin Operating expenses: Advertising Shipping Salaries and 275,000 275,000 41,000 40,000 88,000 41,000 44,000 93,000 41,000 48,000 98,000 Insurance Depreciation Total operating 6,000 15.000 6,000 15.000 6,000 15.000 208,000 Net Income S60,000 $76,000 $92,000 Required: Identify each of the company's expenses (including cost of goods sold) as being either fixed(F), variable(V), or mixed(M) 1) Indicate how the costs shown in Table 2 (below) would respond to a change in volume. Use on the terms "increase, "decrease", or "constant 2) Cost per unit Total costs Variable costs Fixed costs Mixed costs