Risky Corporation had sales of $3,000,000 for the year ended December 31, 2025. The unit selling price was $15. In making the sales, the company incurred the following costs and expenses.

Instructionsa. Prepare a GAAP income statement.b. Prepare a CVP income statement. Include columns for per unit and percent of sales information.

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Cost of goods sold Selling expenses Administrative expenses Variable $600,000 120,000 240,000 Fixed $800,000 60,000 80,000