Ivanhoe Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and
sales during May 2022 is as follows.
Unit selling price $45.00
Unit variable costs $27.45
Total monthly fixed costs $133,000
Units sold 8,100
Prepare a CVP income statement for Ivanhoe Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.)