Standard vs contribution income statement

2.Using the following company data, show how a standard and contribution income statement will compare using the information below. show your calculations when using a projected sales increase of 20%. Using the following data, show how expected profits would be different if there was a sales increase of 10% and she used variable COGS of 50% vs. 60%. As an offset, this implies an increase in fixed COGS of $1,000,000. Company Data to use for the two statements. Last year's sales $10,000,000 Variable cost as a % of sales 60% Fixed costs of manufacturing $2,000,000 Variable selling and administrative costs as % of sales 10% Fixed selling and administrative costs $1,000,000 Reported profit $0