Lott Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month. Lots monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $ 9,000 Insurance ob. factory building 1,500 Raw materials (plastics, polystyrene, etc.) .75,000 Utility cost for factory 900 Supplies for general office 300 Wages for assembly line workers 53,000 Depreciation on office equipment 800 Miscellaneous materials (glue, threadetc.). 1,100 Factory managers salary... 5,700 Property taxes on factory building 400 Advertising for helmets Sales commissions Depreciation on factory building 14,000 ..10,000 1,500 However company has been able to sold only 9,000 helmets at the price of 16 per unit. Requirements: a. Prepare monthly income statements required reporting purposes with complete COGM and sold. b. A vendor has offered Lott to supply same Helmets at a price of 10 per Helmet, shall Lott accept this offer or not.