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 Cost of goods sold $550,000 $785,000 Selling expenses 117,000 60,000 Administrative expenses 233,000 76,000 (a) Your Answer Correct Answer Your answer is correct. Prepare a GAAP income statement. Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses TEAL MOUNTAIN CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 Administrative Expenses Total Operating Expenses Net Income/(Loss) +A 177000 1 309000 1 LA 3000000 1335000 1665000 486000 Prepare a CVP income statement. (Round per unit answers to 2 decimal places, eg. 15.25.) TEAL MOUNTAIN CORPORATION CVP Income Statement > < > > < S > > > > > > < 1179000 eTextbook and Media Total Per Unit Per $ $