3) show complete computation

E. FUP Guitars purchases guitars from well-known manufacturer in Cebu and sells them at the retail level. The guitars sell, on the average, for P1,500 each. The average cost of a guitar from the manufacturer is P750. The costs that the company incurs in a typical month are shown below: During January, the company sold 100 guitars. Required: 1. Compute the following: (a) Total variable costs (b) Total fixed costs 2. Prepare a traditional income statement for January 2022. 3. Prepare a contribution margin income statement for January 2022