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10.00 points The contribution format income statement for Huerra Company for last year is given below: $1,000,000 $50.00 Variable expenses 600,000 30.00 Contribution margin 400,000

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10.00 points The contribution format income statement for Huerra Company for last year is given below: $1,000,000 $50.00 Variable expenses 600,000 30.00 Contribution margin 400,000 20.00 Foxed expenses 324.000 16.20 Net operating income 76,000 380 Income taxes 40% 30,400 1.52 Net income 45,600 s 228 The company had average operating assets of S503,000 during the year. Required

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