Metlock Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $689,000 $770,000 Selling expenses 115,000 51,000 Administrative expenses 246,000 71,000 Prepare a GAAP income statement. METLOCK CORPORATION GAAP Income Statement