sub question 2 2. Using the cost equations, prepare a contribution margin income statement (in good form) for September when 6,200 units areexpected to be sold.CENTRAL VALLEY COMPANYContribution Income StatementFor the month ended September 30Variable costsLess foced costs: Comparative Monthly Income StatementsMarch5, 700$763,800395, 200April5, 200$696, 800368,200328,600Sales in unitsSales revenueLess: Cost of goods soldGross marginLess: Operating expensesShipping expenseAdvertising expenseSalaries & commissionsInsurance expenseDepreciation expenseTotal operating expensesMay5,950$797, 300403, 700393,600June6,4ee$857,600433,000368, 600424, 60068, 70077, e00176,8009,70046, e0e377,40071,95e77, eee176, 95e9,70046, e00381,60063, 70077,e0ds158, 70074,58077, 000187, see9,7ee9,70046,eee46, eee394, 7ee$ 29,900355, 100Net income$(8,800)$(26, see)$ 12,000Required:1. Management is concerned about the losses experienced during the spring and would like to know more about the cost behaviour.Develop a cost equation for each of the costs.COGSShippingY.87,400 +54 X%3!18.900 +%3DSalaries and commissionsY33,000 +24 X

Comparative Monthly Income Statenents March April 5,200 $696,80e 368,200 328,600 May 5,950 $797, 300 403, 700 393,600 June 6,4ee $857,600 433,000 424, 600 Sales in units Sales revenue 5, 700 $763,800 395, 200 Less: Cost of goods sold Gross Less: Operating expenses margin 368, 600 Shipping expense Advertising expense Salaries & commissions 68, 700 77,e00 176, e00 63, 700 77,00d 158, 700 9,700 46, eee 355,100 71,95e 77, ee0 176,95e 9,700 46, e0e 381,600 $ 12,000 74,5ee 77,000 187,5e0 9,78e 46, 800 394, 700 $ 29,900 Insurance expense Depreciation expense Total operating expenses 9,700 46, eee 377,40e Net income $ (8,800) $(26, 500) Required: 1. Management is concerned about the losses experienced during the spring and would like to know more about the cost behaviour. Develop a cost equation for each of the costs. COGS 87,400 + 54 Shipping 16.00 + %3D Salaries and commissions 33,000+ 24 X