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Famsworth Drycleaners has capacity to clean up to 7,500 garments per month (Click the icon to view the cost schedule.) Assume that Farnsworth charges customers $10 per garment for dry cleaning. Prepare Farnsworth's projected income statement if 4,260 garments are cleaned in July. First, prepare the income statement using the traditional format; then prepare Famrisworth's contribution margin income statement. Begin by preparing the projected income statement using the traditional format. (Round your answers to the nearest whole dollar. Enter losses with parentheses or a minus sign.) Farnsworth Drycleaners Projected Income Statement Month Ended July 31 i Data Table Dry cleaning revenue $ 42,600 Less: Operating costs 17,382 25,218 4,500 Operating income (loss) 6,000 7,500 Garments Garments Garments Next complete the projected contribution margin income statement. (Round your answers to the neares Total variable costs $ 3,150 S 4,200 $ 5,250 14,400 Total fixed costs Farnsworth Drycleaners 14,400 14,400 $ Projected Contribution Margin Income Statement 17,550 S 18,600 $ 19,650 Total operating costs Month Ended July 31 Variable cost per garment $ 0.70 S 0.70 $ 0.70 Fixed cost per garment 3.20 2.40 1.92 Less: $ 3.90 S 3.10 $ 2.62 Average cost per garment Less: Print Done Choose from any list or enter any number in the input fields and then click Check