PLEASE NOTE WHICH CELLS TO MERGE BECAUSE I NEED TO INPUT THE FORMULA NOT THE ANSWER. THANKS!

Addison, Inc. makes a single product, an indoor fireplace, and has provided data from last year of operations. The Controller has asked you to compare income statements if the company used the variable costing approach vs. the absorption costing report. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows ycu to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell," -33 was entered, the formula would output the result from cell B3, or 420 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys:(plus sign to add), (minus sign to subtract),(asterisk sign to multiply), and /(forward slash to divde). From the Excel Simulation below, if in a blank cell -B15+B16 was entered, the formula would add the values from those cells and output the result, or 9,500 in this example. If using the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cel -SUM(B6,87,88) was entered, the formula would output the result of adding those three separate cells, or 215 in this example. Similarly, if in a blank cell -SUM(B6:88) was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 215 in this example. Variable and Abscrption Coating-Exce HOME INSERT PAGE LAYOUTFORMULASDATA REVIEWVEW Sign In | E 2.? . Alignment Number Conditional formatas Cel Formatting" Table Styles Clipboard ?? , i selling price per fireplace 1 Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: 3 Selling price per fireplace S420 Variable per unit producod: 6 Direct materials $135 $43 $37 $210000 Direct labor 8 Vriable manufacturing overbead 9 Fixed manufacturing overhead per year 10 Selling and administrative expenses: Variable per unit sold $45 $190000 12 Fixed per year 14 Units in beginning inventory 15 Units produced during the year 16 Units sold during the year 17 18 Use the data to answer the following. 5,000 201.Assume the company uses variable costing: 21 22 Compute the unit product cost for one fireplace 23 24 Prepare a contribution margin income statement for the year 215