Walton Manufacturing Company established the following standard price and cost data Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.30 per unit $3.20 per unit $2,600 total $800 total Walton planned to produce and sell 2,300 units. Actual production and sales amounted to 2,400 units. Required a. Prepare the pro forma income statement in contribution format that would appear in a master budget. b. Prepare the pro forma income statement in contribution format that would appear in a flexible budget Required ARequired B Prepare the pro forma Income statement In contribution format that would appear in a master budget. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Master Budget 2,300 Units Required A Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget WALTON MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget 2,400 Units