For the three months ended June 30, 202X High-Low Method Contribution Form Income Statement P 6A - A Orange Company Income Statements Sales in units June April 7,000 May 10,000 9,000 $ 280,000 $ 400,000 210,000 300,000 $ 70,000 $100,000 $ 360,000 270,000 $ 90,000 Sales Cost of goods sold Gross margin Operating expenses: Advertising Depreciation Rent Salaries and commissions Utilities Total operating expenses Net income $ $ 5,000 $ 5,000 3,000 3,000 8,000 8,000 34,000 40,000 12,500 17,000 $ 62,500 $ 73,000 $ 7,500 $ 27,000 5,000 3,000 8,000 38,000 15,500 69,500 20,500 $ $ Required: 1) Classify each of the six expenses, including cost of goods sold, as variable, fixed or mixed. 2) For each of the mixed expenses found in requirement (1), find the cost equation stated in the form: Y = a + bx. 3) Prepare the income statement, for June, in contribution form