Hello, I need help with problem #3 please and thank you.

During its first year of operation, HTH Plumbing facilities experienced fixed product costs of $53,500 and variable product costs of $42,800. HTH spent $17,050 on fixed marketing and administrative expenses and $13,700 on variable costs in its first year. The business received $174,000 for each unit it produced and sold.

Required

a. Prepare an income statement using the format required by generally accepted accounting Principles (GAAP).

b. Prepare an income statement using the contribution margin approach.

Required A.

HTH Plumbing Facilities

Income Statement

Required B.

HTH Plumbing Facilities

Income Statement