Q1) Jackson Corporation has provided the following for three months of income statements: Sales in Units Sales Less: cost of goods sold Gross margin Operating expenses: Advertising Salaries & Commissions Depreciation expense Utilities expense Total operating expenses Net Income July 500 250,000 125,000 125,000 5,000 72,500 10,000 12,000 99,500 25,500 August 1000 500,000 250,000 250,000 5,000 85,000 10,000 17,000 117,000 133,000 September 800 400,000 200,000 200,000 5,000 80,000 10,000 15,000 110,000 90,000 a- Assume the company plans to sell 900 units next month, prepare a contribution margin income statement. b- For each of the mixed costs: Salaries & Commissions and Utilities, separate them out into their variable and fixed components using the high-low method. State the cost equation for each mixed cost.