M5-16 (Algo) Preparing a Contribution Margin Income Statement [LO 5-5] Handy's Hats makes the world's best hats. Information for the last eight months follows: oints Month January February March April May June July Number of Hats Produced 3,600 5,400 2.950 4,95 1.se 2.600 3,35e 4,450 Total Cost 6.100 8,715 5.35e 8,3ee 4,700 5,400 5,800 8,020 August Suppose that Handy's expects to sell 5,600 hats during the month of September and that each hat sells for $2.75 Handy performed a least-squares regression and obtained the following results: Coefficients Intercept X Variable 1 2,113.19 Prepare Handy's contribution margin income statement for the month of September (Round your answers to 2 decimal places.) HANDY'S HATS Contribution Margin Income Statement Month of September Cost of Goods Sold Gross Margin Interest Expense Net Income Alter Taxes Net Operating Income