3-36 Contribution margin, gross margin, and margin of safety. Roma Skincare manufactures and sells a face cream to small specialty stores in Victoria, Australia. It presents the monthly operating income statement shown here to Jacob Scott, a potential investor in the business. Help Mr. Scott understand Roma Skincare's cost structure Roma Skincare Operating Income Statement June 2017 Units sold Revenues 15,000 $120,000 Cost of goods sold $60,000 Variable manufacturing costs Fixed manufacturing costs $22,000 Total cost of goods sold $82,000 $38,000 Gross margin Operating costs Variable marketing costs $6,000 Fixed marketing & admin costs $14.000 Total operating costs $20,000 Operating income $18,000 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017 3. What is the margin of safety (in units) for June 2017? 4. If sales in June were only 12,000 units and Roma Skincare's tax rate is 30%. calculate its net income