Workbook Views Show Zoom Macros A6 : x fx A D E F G B 1 Jay Corporation has decided to prepare contribution income statements for internal planning. 2 3 Budgeted information for Quarter 1 of Year 3: Sales in units 17,000 5 Sales price per unit $ 48.00 4 6 8 7 After analyzing expenses, the company has determined the following cost patterns. Cost of Goods Sold (per unit) $ 29.00 Sales Commissions (per dollar of sales) 9.50% 10 9 11 Administrative Salaries (per quarter) 12 Rent Expense (per quarter) 13 Depreciation Expense (per quarter) 14 $ $ $ 45,000.00 27,000.00 36,000.00 15 16 1. Prepare a contribution margin income statement for Quarter 1 of Year 3. 17 18 19 Jay Corporation Budgeted Income Statement For Year 3, Quarter 1 20 21 22 Sales 23 Variable expenses: 24 Cost of goods sold 1 Sheet1 + READY Screenshot D E F G A B 13 Depreciation Expense (per quarter) $ 36,000.00 14 15 16 1. Prepare a contribution margin income statement for Quarter 1 of Year 3. 17 18 Jay Corporation 19 Budgeted Income Statement 20 For Year 3, Quarter 1 21 22 Sales 23 Variable expenses: 24 Cost of goods sold 25 Sales commissions 26 Total variable expenses 27 Contribution margin 28 Fixed expenses: 29 Adminstrative salaries 30 Rent expense 31 Depreciation expense 32 Total fixed expenses 33 Net operating income 34 35 36 Sheet1 + READY - + 100% Show Me Attempt(s) Hint Screenshot