Sheridan Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows.

Unit selling price		$50.00
Unit variable costs		$26.50
Total monthly fixed costs		$134,000
Units sold		7,700

Prepare a CVP income statement for Sheridan Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.)

Sheridan Industries CVP Income Statement choose the accounting period May 31, 2022For the Month Ended May 31, 2022For the Quarter Ended May 31, 2022
		Total		Per Unit		Percent of Sales
select an income statement item Fixed CostsContribution MarginVariable CostsNet Income/(Loss)Gross ProfitCost of Goods SoldSalesAdministrative ExpensesSelling Expenses		$enter a dollar amount		$enter a dollar amount rounded to 2 decimal places		enter percentages %
select an income statement item Administrative ExpensesContribution MarginSelling ExpensesSalesNet Income/(Loss)Variable CostsCost of Goods SoldGross ProfitFixed Costs		enter a dollar amount		enter a dollar amount rounded to 2 decimal places		enter percentages %
select a summarizing line for the first part Net Income/(Loss)Contribution MarginVariable CostsSalesGross ProfitFixed CostsSelling ExpensesCost of Goods SoldAdministrative Expenses		enter a total amount for the first part		$enter a total amount per unit rounded to 2 decimal places		enter total percentages %
select an income statement item Selling ExpensesCost of Goods SoldAdministrative ExpensesGross ProfitContribution MarginSalesFixed CostsVariable CostsNet Income/(Loss)		enter a dollar amount
select a closing name for this statement Selling ExpensesVariable CostsContribution MarginNet Income/(Loss)SalesCost of Goods SoldGross ProfitAdministrative ExpensesFixed Costs		$enter a total net income or loss amount