Preston Dry Cleaners has capacity to clean up to 9,000 garments per month. (Click the icon to view the cost schedule.) Assume that Preston charges customers $7 per garment for dry cleaning. Prepare Preston's projected income statement if 4,320 garments are cleaned in March. First, prepare the income statement using the traditional format; then, prepare Preston's contribution margin income statement. Begin by preparing the projected income statement using the traditional format. (Use a minus sign or parentheses to indicate a deduction or loss.) Preston Dry Cleaners Projected Income Statement Month Ended March 31 6,000 7,500 9,000 Garments Garments Garments Total variable costs $ 5,400 $ 13,500 6,750 $ 13,500 8,100 13,500 Total fixed costs $ 18,900 $ 20,250 $ 21,600 Total operating costs $ 0.90 $ 0.90 $ 0.90 Variable cost per garment Fixed cost per garment 2.25 1.80 1.50 $ 3.15 $ 2.70 $ 2.40 Average cost per garment