http://helpingtutors.com/ High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plantu0092s operation: u00a0u00a0u00a0 u00a0u00a0 u00a0u00a0u00a0u00a0Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. u00a0u00a0 u00a0u00a0 u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0 Prepare an income statement for May. u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0 u00a0u00a0 u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0 Prepare a contribution format income statement for May. u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0u00a0 nnnnHigh Country, Inc., produces and sells many recreationalnproducts. The company has just opened a new plant to produce anfolding camp cot that will be marketed throughout the UnitednStates. The following cost and revenue data relate to May, thenfirst month of the plantu0092s operation:nnnn

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