Nova Company has the following income statement for January through March 2020. January February March Label Sales in units 5,000 5,500 6,000 Sales Revenue $500,000 $550,000 $600,000 Cost of Goods Sold $300,000 $330,000 $360.000 Gross Margin $200,000 $220,000 $240,000 Selling and Admin Exp Advertising $15,000 $15,000 $15,000 Shipping $21,000 $23,100 $25,200 Payroll $97,500 $102,685 $108,000 Utilities $6,600 $6,600 $6.600 Depreciation $12.000 $12,000 $12.000 Total Expenses $152,100 $159,385 $166,800 Net Income $47.900 $60.615 $73.200 1. Label each cost as Fixed, Variable or Mixed Cost. (6 points) 2. If the cost is Mixed, using the High Low Method, calculate the fixed cost and variable cost per unit. (6 points) 3. Prepare a budgeted April Income Statement in contribution margin format (by cost behavior) assuming 6,200 units in sales. (15 points)