2.Using the following company data show how a standard and contribution income s

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 $1000000. Company Data to use for the two statements. Last years sales $10000000 Variable cost as a % of sales 60% Fixed costs of manufacturing $2000000 Variable selling and administrative costs as % of sales 10% Fixed selling and administrative costs $1000000 Reported profit $0