3. Below is the income statement for Robinson Company, a merchandising firm. If you take this information and prepare a contribution margin income statement, what will the contribution margin be the variable costs be and the fixed costs be to arrive at net income of $12,000? Hint: All information will be used. Sort your costs by variable and fixed. Then, follow the contribution margin income statement. Do not use a $. Do use a comma. Do use a parenthesis () around amounts to show where deducted. Use whole dollars - no cents. For example, (10,000) Robinson Company Income Statement For the Year Ended December 31, 2019 Sales revenue (2.400 units x $100) $240,000 Cost of goods sold (2.400 units x $65) (156,000) Gross margin 84.000 www was a comma. Ma o parcnunciarunu amount to anyw where deducted. Use whole dollars - no cents. For example, (10,000) Robinson Company Income Statement For the Year Ended December 31, 2019 Sales revenue (2,400 units x $100) $240,000 Cost of goods sold (2,400 units x $65) (156.000) Gross margin 84,000 Sales commissions (10% of sales) (24,000) Administrative salaries expense (15,000) Advertising expense (20,000) Depreciation expense (10,600) Shipping and handling expenses (2,400 units x $1.00) (2.400) Net Income $12.000