Munoz Manufacturing Company established the following standard price and cost data.

Sales price	$ 8.90	per unit
Variable manufacturing cost	$ 3.00	per unit
Fixed manufacturing cost	$ 2,600	total
Fixed selling and administrative cost	$ 600	total

Munoz planned to produce and sell 2,500 units. Actual production and sales amounted to 2,700 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.