Turtleton Company produces computer chips for animated toys. Selected sales and expense information for the most recent month, with sales of 10,500 units, is given below. Variable selling and administrative expenses are $6 per unit. Total $2,050,000 Sales Direct Materials 310,000 Gross Profit 850,000 Direct Labor 840,000 Variable Manufacturing Overhead 70,000 I Fixed Manufacturing Overhead 30,000 Net Income 320,000 Fixed Selling and Administrative 470,000 Expenses Using the information above, complete both the traditional income statement and the CVP income statement: