Marin Corporation had sales of $3,120,000 for the year ended December 31, 2022. The unit selling...

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Marin Corporation had sales of $3,120,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $747,000 $785,000 Selling expenses 110,000 57,000 Administrative expenses 235,000 76,000 (a) Prepare a GAAP income statement. MARIN CORPORATION GAAP Income Statement Marin Corporation had sales of $3,120,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $747,000 $785,000 Selling expenses 110,000 57,000 Administrative expenses 235,000 76,000 (a) Prepare a GAAP income statement. MARIN CORPORATION GAAP Income Statement