Munoz Manufacturing Company established the following standard price and cost data. Sales price $ $8\mathrm{.}50$ per unit Variable manufacturing cost $3\mathrm{.}80$ per unit Fixed manufacturing cost $2,500$ total Fixed selling and administrative cost $900$ total Munoz planned to produce and sell $2,900$ units. Actual production and sales amounted to $3,100$ units. Required Prepare the pro forma income statement in contribution format that would appear in a master budget. Prepare the pro forma income statement in contribution format that would appear in a flexible budget.