The following contains information about April's production for Cabinera, Incorporated. Units produced 10,000 Units sold 9,000 Sales price $450.00 Direct materials cost per unit $104.00 Direct labor cost per unit $91.00 Variable overhead cost per unit $64.00 Fixed overhead (total) $652,000 Variable selling expense per unit sold $22.00 Fixed administrative expense $258,000 Required: 1. Prepare a Traditional Income Statement (Absorption Costing). 2. Prepare a Contribution Format Income Statement (Variable Costing). Cabinera, Incorporated Traditional Format Income Statement For the Month Ended April 30, 20XX Sales 4,050,000 Direct Materials 936,000 Direct Labor 819,000 Variable Overhead 576,000 Fixed Overhead 652,000 Cost of Goods Sold 2,983,000 Gross Profit 1,067,000 Selling Expense 198,000 Administrative Expense 258,000 Total Period Costs 456,000 Net Operating Income 654,000 Cabinera, Incorporated Variable Costing Income Statement Sales 4,050,000 Variable Overhead Selling Expense Fixed Overhead Administrative Expense Total Variable Cost 2,529,000 Variable Overhead Total Fixed Costs Net Operating Income