Colt

Carriage Company offers guided horse-drawn carriage rides through historic

Charleston, South Carolina.

The carriage business is highly regulated by the city.

Colt

Carriage Company has the following operating costs during April:

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During April (a month during peak season),

Colt

Carriage Company had

13,500

passengers.

Eighty

percent of passengers were adults

($24

fare) while

20%

were children

($16

fare).

Requirement 1. Prepare the company's contribution margin income statement for the month of April. Round all figurns to the nearest dolor. (Do not round witorim ca dollar) Colt Carriage Company Contribution Margin Income Statement For the Month Ended April 30 Sales revenue Less: Variable expenses Fee paid to city Complimentary postcards Brokerage fee Carriage driver wages Contribution margin Less: Fixed expenses Leasing and boarding horses Non-carriage driver payroll expense Depreciation expense Other fixed operating expenses Operating income - X Data table amount input in the table to the $ 2,300 15% of ticket revenue $0.90/set of postcards Monthly depreciation expense on carriages and stable Fee paid to the City of Charleston Cost of souvenir set of postcards given to each passenger Brokerage fee paid to Independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Colt Carriage Company) Monthly cost of leasing and boarding the horses Carriage drivers (tour guides) are paid on a per passenger basis Monthly payroll costs of non-tour guide employees Marketing, website, telephone, and other monthly fixed costs $1.20/ticket sold by broker $ 50,000 $3.20 per passenger 7.900 $ 7.100 Print Done