T2 Manufacturing Ltd. manufactures electrical parts. Data for two of the company's customers is as follows:

Customer 1

Customer 2

Revenues at list price Units sold Unit list price Cost of goods per unit Sales discounts Customer-specific costs Order-taking $13,600 Product-handling $14,100 Delivery $9,400

Required

$102,000 10,000 $10.20 $6.25 $1,020

$1,500 $1,350 $1,290

$592,500 75,000 $7.90 $5.10 $11,850

a. Prepare a comparative income statement in gross margin format with one column for each customer; present customer-specific costs as period expenses.