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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 il 4, 260 garments are cleaned in July. First, prepare the income statement using the traditional format; then prepare Famsworth'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.) Famsworth Drycleaners Projected Income Statement Data Table Month Ended July 31 Less: Total variable costs 4,500 6,000 7,500 Garments Garments Garments $ 3,150 $ 4,200 $ 5,250 14,400 14,400 14,400 $ 17,550 $ 18,600 $ 19,650 Total fixed costs $ Total operating costs Variable cost per garment Fixed cost per garment Average cost per garment 0.70 $ 3.20 0.70 S 2.40 Dry cleaning revenue Fixed costs Gross profit Operating costs Operating income (loss) Payroll costs Sales commissions Variable costs 0.70 1.92 $ 3.90 $ 3.10 $ 2.62 Print Done