Traditional income statement and cvp income statement

CVP Analysis Part 1 Time left 1:15:19 Turtleton Company produces computer chips for animated toys. Selected sales and expense information for the most recent month, with sales of 12,500 units, is given below. Variable selling and administrative expenses are $9 per unit. Total Sales $2,230,000 Direct Materials 312,000 Gross Profit 971,000 Direct Labor 840,000 Variable Manufacturing Overhead 72,000 Fixed Manufacturing Overhead 25,000 Net Income 405,000 Fixed Selling and Administrative 470,000 Expenses sing the information above, complete both the traditional income statement and the CVP income statement: Traditional Income Statement