A traveling production of The Lion King performs each year. The average show sells 1,600 tickets at $50 per ticket. There are 110 shows each year. The show has a cast of 60?, each earning an average of $350 per show. The cast is paid only after each show. The other variable expense is program printing costs of $7 per guest. Annual fixed expenses total $$717,000. Prepare The Lion King?'s contribution margin income statement for 110 shows each year. Report only two categories of? expenses: variable and fixed.Create Contribution margin Income Statement

Sales Revenue

Variable Expenses

Contribution Margin

Fixed Expenses

Operating Income