Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.90 per unit 3.20 per unit 2,600 total 800 total Walton planned to produce and sell 2,900 units. Actual production and sales amounted to 3,100 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 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the pro forma income statement in contribution format that would appear in a master budget. WALTON MANUFACTURING COMPANY Pro Forma Income Statement Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative Variable manufacturing Net income Master Budget $ 25,810 9,280 16,530 $ 16,530 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. Complete this question by entering your answers in the tabs below. 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 Sales Variable manufacturing Contribution margin Fixed manufacturing Fixed selling and administrative Variable selling and administrative Net income Flexible Budget 0 $ < Required A Required B >