The GAAP income statement for Pharoah Company for the year ended December 31, 2022, shows sales...

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The GAAP income statement for Pharoah Company for the year ended December 31, 2022, shows sales $920,000, cost of goods sold $615,000, and operating expenses $195,000. Assuming all costs and expenses are 60% variable and 40% fixed, prepare a CVP income statement through contribution margin. PACE COMPANY CVP Income Statement $ $ $ The GAAP income statement for Pharoah Company for the year ended December 31, 2022, shows sales $920,000, cost of goods sold $615,000, and operating expenses $195,000. Assuming all costs and expenses are 60% variable and 40% fixed, prepare a CVP income statement through contribution margin. PACE COMPANY CVP Income Statement $ $ $