APA Help Save & Exit Sut Check my we The following income statements illustrate different cost structures for two competing companies: Inocne Statements Company Name Gibson Yranklin Number of customer (a) 83 83 Baten revenue (a $210) $ 17.00 $ 17,430 Variable cont (a $190) N/A (15.770) Variable cont (30) N/A Contribution margin 17,430 1,660 Fixed cost (15,770) 0 Net income 5 1,660 $ 1.660 Required a. Reconstruct Gibson's income statement, assuming that it serves 166 customers when itlures 83 customers away from Franklin by lowering the sales price to $110 per customer. b. Reconstruct Franklin's income statement, assuming that it serves 166 customers when it lures 83 customers away from Gibson by lowering the sales price to $110 per customer Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Gibson's income statement, assuming that it serves 166 customers when it lures 83 customers away from Franklin by lowering the sales price to $110 per customer GIBSON COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (los) Required > Complete this question by entering your answers in the tabs below. Required A Rebuired B Reconstruct Franklin's income statement, assuming that it serves 166 customers when it lures B3 customers away from Gibson by lowering the sales price to $110 per customer. FRANKLIN COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net Income (loss)