Larkspur Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling price was $16. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses (a) Variable - $651,000 118,000 239,000 Prepare a GAAP income statement. Fixed $780,000 56,000 79,000 LARKSPUR CORPORATION GAAP Income Statement $

Larkspur Corporation had sales of $3,360,000 for the year ended December 31,2022 . The unit selling price was $16. In making the sales, the company incurred the following costs and expenses. (a) Prepare a GAAP income statement