Please provide all relevant step and computations. Thank you in advance!

Exercises-Series B LO 8-1 Exercise 8-1B Preparing master and flexible budgets Imboden Manufacturing Company established the following standard price and cost data. Sales price $15 per unit Variable manufacturing cost $7 per unit Fixed manufacturing cost $32,500 total Fixed selling and administrative cost $24,000 total Imboden planned to produce and sell 18,000 units. It actually produced and sold 19,000 units. Page 384 Required a. Prepare the pro forma income statement that would appear in a master budget. Use the contribution margin format. b. Prepare the pro forma income statement that would appear in a flexible budget. Use the contribution margin format