Petrov Drycleaners has capacity to clean up to $10,000$ garments per month.

$($Click the icon to view the cost schedule.$)$

Assume that Petrov charges customers $$10$ per garment for dry cleaning. Prepare Petrov's projected income statement if $4,280$ garments are cleaned in March. First, prepare the income statement using the traditional format; then prepare Petrov's contribution margin income statement.

Begin by preparing the projected income statement using the traditional format. $($Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.$)$

Petrov Drycleaners

Projected Income Statement

Month Ended March $31$

Less:

Data table

$\backslash$table$[[$Total variable costs,$\backslash$table$[[7,000],[$Garments$]],\backslash$table$[[8,500],[$Garments$]],\backslash$table$[[10,000],[$Garments$]]],[$$$,5,600,$$$,6,800$$$,8,000],[$Total fixed costs,,$11,900,,11,900,11,900],[$Total operating costs,$$,17,500,$$$,18,700$$$,19,900],[$Variable cost per garment,$$,0\mathrm{.}80,$s$,0\mathrm{.}80$$$,0\mathrm{.}80],[$Fixed cost per garment,,$1\mathrm{.}70,,1\mathrm{.}40,1\mathrm{.}19],[$Average cost per garment,$$,2\mathrm{.}50,$$$,2\mathrm{.}20$$$,1\mathrm{.}99]]$

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