The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information: Sales at $560,000, all for cash Merchandise inventory on November 30 was $255,000 The cash balance at December 1 was $29,000 Selling and administrative expenses are budgeted at $93,000 for December and are paid in cash. Budgeted depreciation for December is $47,000. The planned merchandise inventory on December 31 is $285,000. The cost of goods sold is 70% of the sales price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash receipts for December are: $135,000 $425,000 $607,000 $560,000 Mechem Corporation produces and sells a single product. In April, the company sold 2,500 units. Its total sales were $150,000, its total variable expenses were $79,600, and its total fixed expenses were $56,500. Required: a. Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) Sales b. Redo the company's contribution format income statement assuming that the company sells 2,400 units. (Do not round intermediate calculations.)