Teal Mountain Corporation had sales of $3,000,000 for the year ended December 31, 2022. The unit selling price was $ 12. In making the sales, the company incurred the following costs and expenses. Variable Fixed $ 550,000 $ 785.000 Cost of goods sold Selling expenses 117.000 60,000 Administrative expenses 233.000 76,000 Prepare a GAAP income statement. TEAL MOUNTAIN CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 Sales $ Cost of Goods Sold Gross Profit > LE > e Textbook and Media