ABC, Inc., produces widgets. The company manufactures three levels of widgets-Economy, Better and Best. Selected information on the widgets is given below. Selling price per widget Variable expense per widget production Selling (5% of selling price Econom S30.00 $15.00 1.50 Better S50.00 $20.00 2.50 Best $75.00 $28.00 3.75 All sales are made through the company's own retail outlets. The widgets have the following fixed costs. Per Month $ 95,000 Fixed production costs Advertising expense Administrative salaries Total 75,000 40,000 Sales, in units, over the past two months have been as follows: Total Econom 2,000 8,000 Better 1,000 1,000 Best April Ma 5,000 3,000 8,000 12,000 Required: 1. Prepare contribution format income statements for April and May. Place the fixed expenses only in the Total column. Do not show percentages for the fixed expenses. Use the following headings Economy Better Best Total ercen ercen rcen rcen Sales Etc