Question #4 - 10 Points Mickey Mouse Outlet Store Limited Income Statement Year ended December 31, 2020 2020 2019 2018 Units 50000 40000 25000 Sales $100,000 $80000 $50000 Cost of goods sold 40,000 32,000 20000 Gross margin 60,000 48,000 30000 Advertising expense 6000 6000 6000 Depreciation expense 8000 8000 8000 Office supplies expense 2500 2000 1250 Rent expense 15000 15000 15000 Utilities expense 15000 13000 10000 46500 44000 40250 Net income $13500 $4000 $(10250) Required: ALL CALCULATIONS MUST BE SHOWN FOR THE YEAR ENDED 2020 1) Identify the costs as fixed, variable or mixed. 2) Separate any mixed costs into its components using the high/low method. 3) Prepare a schedule that shows the per unit and total variable cost and the total fixed costs for 2020