Pizanno Enterprises GAAP-Based P&L Statement For the Month of January 2001 Sales Revenue $100,000 Cost of Goods Sold (50,000) Gross Margin $50,000 Period Costs Selling Costs $15,000 Gen. Admin. Costs 20,000 Total Period Costs (35,000) OPERATING INCOME $15,000 Additional Information: a. Sold 1,000 units (assume inventory levels and product costs per unit are constant between the current month and last month). b. Cost of Goods Sold includes direct materials costs of $25 per unit, direct labor costs of $10 per unit labor, variable overhead of $5 per unit, and total fixed overhead of $10,000. c. Other than a 5 percent commission on sales revenues, selling costs are all fixed. d. General Administrative costs are 80 percent fixed. Required: Prepare a P&L statement following traditional contribution margin format. Prepare a second P&L statement according to TOC concepts