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Pillar Dry Cleaners has capacity to clean up to 5,000 garments per month. (Click the icon to view the cost schedule.) Assume that Pillar
Pillar Dry Cleaners has capacity to clean up to 5,000 garments per month. (Click the icon to view the cost schedule.) Assume that Pillar charges customers $9 per garment for dry cleaning. Prepare Pillar's projected income statement if 4,340 garments are cleaned in March. First, prepare the income statement using the traditional format; then, prepare Pillar's contribution margin income statement. Month Ended March 31 Dry cleaning revenue $ 39,060 Less: Operating costs (10,955) 28,105 Operating income (loss) Next, complete the projected contribution margin income statement. (Use a minus sign or parentheses to indicate a deduction or loss.) Pillar Dry Cleaners Projected Contribution Margin Income Statement Month Ended March 31
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