AJ Manufacturing Company incurred $55,000 of fixed product cost and $4 operation. Also during its first year, AJ incurred $17.500 of fixed and $14,00 sold all of the units it produced for $180,000. Required a. Prepare an income statement using the format required by generally acc b. Prepare an income statement using the contribution margin approach. ES Complete this question by entering your answers in the tabs below. Required A Required B Prepare an income statement using the contribution margin approach. 180.000 AJ MANUFACTURING COMPANY Income Statement Revenue $ Variable cost Contribution margin Fixed cost Net Income $ 44 000 55,000 49,500