Question: a.) Prepare a GAAP Income Statement b.) Prepare a CVP Income Statement Skysong Corporation had sales of $3,080,000 for the year ended December 31, 2022.

a.) Prepare a GAAP Income Statement

b.) Prepare a CVP Income Statement

Skysong Corporation had sales of $3,080,000 for the year ended December 31, 2022. The unit selling price was $14. In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable $548,000 117,000 259,000 Fixed $800,000 54,000 78,000

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