A contribution income statement for the La Jolla Inn is shown below. (Ignore income taxes.)

Revenue	$	2,500,000
Less: Variable expenses		1,750,000
Contribution margin	$	750,000
Less: Fixed expenses		600,000
Net income	$	150,000

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. LA JOLLA INN Contribution Income Statement Amount Percent Revenue Variable expenses Contribution margin Fixed expenses Net income $2,500,000 1,750,000 $ 750,000 600,000 150,000 01% 01%