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Petrov Drycleaners has capacity to clean up to 6,000 garments per month. View the cost schedule. Assume that Petrov charges customers $4 per garment for
Petrov Drycleaners has capacity to clean up to 6,000 garments per month. View the cost schedule. Assume that Petrov charges customers $4 per garment for dry cleaning. Prepare Petrov's projected income statement if 4,240 garments are cleaned in July. 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.) Next complete the projected contribution margin income statement
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