Problem 6A-7 (Algo) Cost Behavior; High-Low Method; Contribution Format Income Statement [LO6-10] Morrisey \& Brown, Limited, of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow: Required: Required: 1. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods sold) as elther variable, fixed, or mixed. 2. Using the high-low method, separate each mixed expense into varlable and fixed elements. Express the variable and foxed portions of each mixed expense in the form Y=a+bX. 3. Redo the company's income statement at the 7,500-unit level of activity using the contribution format