Albert, Inc. had the following income statement for last period: Sales $54,000 Cost of Sales (manufacturing) 22,000 Selling and General Administrative 4,000 Net Income $28,000 If costs of sales was 75% variable and 25% fixed, and Selling and General Expense was 60% variable and 40% fixed, prepare a contribution format income statement and calculate its contribution margin percentage. Note: Do not use a negative sign with your answers. Contribution Margin Income Statement Answer 1 Answer 2 Answer 3 Answer 4 Answer 5 Answer 6 Answer 7 Answer 8 Answer 9 = Contribution margin percentage Answer 10 Answer 11 =