A contribution income statement for the La Jolla Inn is shown below. (Ignore income taxes.) Revenue Less: Variable expenses $1,200,000 624,000 Contribution margin Less: Fixed expenses S576,000 432,000 Net income S 144,000 Required 1. Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement. JOLLA INN Contribution Income Statement Amount Percent Revenue Variable expenses Contribution margin Fixed expenses Net income $ 1,200,000 624,000 $ 576,000 432,000 $ 144,000