\begin{tabular}{|l|l|c|c|c|} \hline & A & B & C & D \\ \hline 1 & Cost Behavior \\ \hline 2 & Prepare income statement in two formats \\ \hline 3 & & \\ \hline 4 & Farnsworth Drycleaners has capacity to clean up to 7,500 garments per month. The following operating data is available for \\ \hline 5 & Farnsworth. \\ \hline 6 & & Amount charged per garment for dry cleaning & \\ \hline 7 & Variable cost per garment \\ \hline 8 & Fixed costs per month & $10.00 \\ \hline \end{tabular} 1. Using the traditional format, prepare Farnsworth's projected income statement for July assuming 4,260 garments are cleaned during the month. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) Farnsworth Drycleaners Projected Income Statement Month Ended July 31 Operating income (loss)