Complete each of the following contribution format income st

Complete each of the following contribution format income statements by supplying the missing numbers b. C. d. Sales revenue $545,696 $673,796 231,696 106,096 Variable expenses Contribution margin Fixed expenses Operating income 150,312 170,916 495,396 86,792 158,228 18,237 Income taxes 25,237 21,298 57,982 Net income $12,766 $63,894 $173,946

Solution

Sales-Variable expenses=Contribution margin

Contribution margin-Fixed expenses=Operating income

Operating income-Income taxes=Net income

	a	b	c	d
Sales	382008	545696	349,516	673,796
Variable expenses	231696	374,780	106096	178400
Contribution margin	150312	170916	243420	495396
Fixed expenses	132075	86792	158228	263468
Operating income	18237	84124	85192	231928
Income taxes	5471	25237	21298	57982
Net income	12766	58,887	63894	173946