Prepare a variable costing income statement for 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sales Variable Cost of Goods Sold Contribution Margin Variable Selling and Administrative Expenses v Fixed Manufacturing Overhead WILDHORSE COMPANY Income Statement For the Year Ended December 31, 2022 Variable Costing Fixed Selling and Administrative Expenses Net Income/(Loss) $ 376040 i $ 2409500 TO 10

Prepare a variable costing income statement for 2022 (Enter negotive amounts using either a nejative sign preceding the number es. -45 or porentheses e.s. (45)) Wildhorse Company builds custom fahing lures for sporting goods stores. In its first vear of coprations. 2002, the companv harred the following costs. Wildhorse Compary sells the fishing lures for $30,50. Duting, 2022 , the company sold 79,000 lures and produced 94,000 lures