Please prepare a CVP income statement using the attachment. Please format the answer as outlined in the attachment

Sage Hill Corporation had sales of $3,360,000 for the year ended December 31, 2022. The unit selling price was $12. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $832,000 $760,000 Selling expenses 113,000 64,000 Administrative expenses 231,000 71,000 (a) Your Answer Correct Answer Your answer is correct. Prepare a GAAP income statement. SAGE HILL CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 V Sales 8360000 Cost of Goods Sold 1592000 Gross Profit V 1768000 Operating Expenses Selling Expenses 177000 Administrative Expenses V 302000 i Total Operating Expenses V 479000 Net Income/(Loss) 1289000 eTextbook and Media Solution (b) Prepare a CVP income statement. (Round per unit answers to 2 decimal places, e.g. 15.25.) SAGE HILL CORPORATION CVP Income Statement V Total Per Unit Percent of Sales