Windsor Corporation had sales of $3,190,000 for the year ended December 31, 2025. The unit selling price was $11. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses (a) Variable $751,500 126,000 239,000 Prepare a GAAP income statement. Fixed $795,000 54,000 79,000 WINDSOR CORPORATION GAAP Income Statement

Prepare a GAAP income statement. Windsor Corporation had sales of $3,190,000 for the year ended December 31,2025 . The unit selling price was $11. In making the sales, the company incurred the following costs and expenses. (a) Prepare a GAAP income statement. WINDSOR CORPORATION GAAP Income Statement Operating Expenses Total Operating Expenses Selling Expenses Gross Profit Cost of Goods Sold Variable Costs Net Income/(Loss) Sales Fixed Costs Administrative Expenses Contribution Margin