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he following costs result from the production and sale of 4,650 drum sets manufactured by Tight Drums Company or the year ended December 31. The drum sets sell for $315 each. ariable costs Plastic for casing $ 139, 500 3.57 Wages of assembly workers 441, 750 Drum stands 181.35 points Sales commissions xed costs 130, 200 8 02:50:05 Taxes on factory Factory maintena Factory machinery depreciation 77, 00 equipment for sales staff 17 , 000 Accounting staff salaries 67, 000 Administrative salaries 47 , 000 Required: . Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution margin income statement for the year. TIGHT DRUMS COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs: Contribution margin Fixed costs Income Required 1 Required 2 Required 3 Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Per Unit Sales Variable costs : Total variable costs Contribution margin Required 1 Required 2 Required 3 places .) For each dollar of sales, how much is left to cover fixed costs and contribute to income? (Round your answer to 2 decimal For each dollar of sales, how much is left to cover fixed costs and contribute to income