Saved E21 X DE 1 jay Corporation has decided to prepare contribution income statements for internal planning 3 Budgeted information for Quarter 1 of Year 3: 4 Salesin units 5 Sales price per unit 17,000 48.00 7 After analyzing expenses, the company has determined the following cost patterns. 8 Cost of Goods Sold (per unit) $ 29.00 9 Sales Commissions (per dollar of sales) 9.5096 10! 11 Administrative Salaries (per quarter) $ 45,000.00 12 Rent Expense (per quarter) $ 27,000.00 13 Depreciation Expense (per quarter) $ 36,000.00 16 1. Prepare a contribution margin income statement for Quarter 1 of Year 3. 19 20 Jay Corporation Budgeted Income Statement For Year 3, Quarter 1 22 Sales 23 Variable expenses: 24 Cost of goods sold $ ! 816,000.00 Shooti Attempt(s) Saved 16 11. Prepare a contribution margin income statement for Quarter 1 of Year 3. 187 Jay Corporation Budgeted Income Statement For Year 3, Quarter 1 $ 816,000.00 22 Sales 23 Variable expenses: 24 Cost of goods sold 251 Sales commissions 26 Total variable expenses 27 Contribution margin 28 Fixed expenses 29 Adminstrative salaries 30 Rent expense 31 Depreciation expense 32 Total foed expenses 33 Net operating income Attempt(s)