Walton Manufacturing Company established the following standard price and cost data. Sales price Variable manufacturing cost Fixed manufacturing cost Fixed selling and administrative cost $ 8.70 per unit $ 3.60 per unit $2,500 total $1,000 total Walton planned to produce and sell 2,300 units. Actual production and sales amounted to 2,500 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. 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 Master Budget 2,300 Units 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 Flexible Budget 2,500 Units