Prob. 4 Proba Type your name here Santa Clara Computer Components, Inc. Income Statement Santa Clara Computer Components, Contribution Marin Income Statement Sales Perunt Sales Cost of goods sold Beginning merchandise inventory Add: Purchases Goods available for sale Vartable product Vable selling expense Variable dative expense Total variable expenses Ending merchandise inventory Cost of goods sold Contribution margin Gronman Selling and we expenses Selling expenses Administrative expenses Feeding perces Feed Adve penses Net operating income Netting income IGNORE GRAYDED CELLS ABOVENO ENTRY Problem vores Total Sales Revenu 1 - Raw Material Purchases 16,224 $619,450 Office Supplies Expense 1,600 18,662 Indirect Materials 168,770 Depreciation - Factory Equipment Repair/Maintenance - Factory Indirect Labor 4,570 37,940 Insurance-Office 284,500 Depreciation - Office Equipment 5,750 Create the cost of goods manufactured, and cost of goods sold statements. Problem 6 - 30 Points: Using the information provided in the template, prepare both traditional and contribution margin income statements for the Santa Clara Components, Inc. Both statements should reflect the same net income amount Enter your numbers in the open boxes; any boxes shaded should not be used. A tv MacBook Pro Camera Off Santa Clara Computer Components, Inc. Income Statement Santa Clara Computer Components, Inc. Contribution Marino Sement Sales Per Unit 1,155,000 Sales Cost of goods sold: Beginning merchandise Inventory Add: Purchases 50.000 280.000 Variable product Vwiable selling opense Variable administrative pense Total variable expenses Goods wailable for sale 330.000 Ending merchandise inventory Cost of goods sold: 30.000 200.000 Grossmann 855.000 Contribution margin Selling and administrative pense Selling penses Administrative expenses 83.000 Red Selling expenses Fund Administrative expenses 57.000 140,000 + Net operating income 715.000 Net operating income IGNORE GRAY SHADED CELLS ABOVE NO ENTRY Total Sales Revenue $ 1,155,000 Selling price per unit $ 110 Units sold 10,500 $ 6 Variable selline pense per unit Variable administrative pense per unit Total Red Selline expense 4 $ 20.000 Total Fled Adminstrative pense S 15.000 50.000 30,000 Inventory ending balance