Case - Version 2REQUIREMENT 1: Complete the Answer KeyAnswer Key1. 2. 3. 4. 5. 6. 7. 8. REQUIREMENT 2: Port A Beach Outfitters is a retail business that sells beach clothing and beach-related souvenir items. They purchase all of their inventory from distributors and wholesalers. For the year ending December 31, 2023, they reported these revenues and expenses. Using this information, in the space provided, an income statement is needed for Port A for 2023. (include Title, Date, proper format)?Sales revenue $415,000?Building rent 24,000?Advertising 13,000?Sales staff salaries 45,000?Cost of goods sold 210,000?Utilities 11,000?Supplies 4,000REQUIREMENT 3: Complete the Answer Key for the cost computations shown.?Answer Key9. 10. 11. 12. 13. 14. 15. 16.

Company A Company B Company C Company D Units Sold 700 ?3 ?5 600 Sales in dollars $35,000 $40,000 $ 35,000 ?7 Total Variable Costs $14,000 ?4 ?6 $18,000 Per Unit Contribution Margin ?1 S 90 S 100 S 60 Total Fixed Cost $10,000 $ 9,000 $ 12,000 ?8 Operating Income (loss) ?2 $27,000 $ 8,000 $16,000 Answer Key