Carter Carriage Company offers guided horse-drawn carriage rides through historic Athens, Georgia. The carriage business is highly regulated by the city. Carter Carriage Company has the following operating costs during April: (Click the icon to view the information.) During April (a month during peak season), Carter Carriage Company had 12,800 passengers. Eighty percent of passengers were adults ($23 fare) while 20% were children ($15 fare). Read the requirements. Requirement 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. (Do not round interim calculations or amounts. Round all amounts input in the table to the nearest dollar.) Carter Carriage Company Contribution Margin Income Statement For the Month Ended April 30 Contribution margin 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 $ 2,000 10% of ticket revenue $0.80/set of postcards Monthly depreciation expense on carriages and stable Fee paid to the City of Athens 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 Carter 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 $1.10/ticket sold by broker $ 50,000 $3.00 per passenger $ 7,600 $ 7,100 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. 2. Assume that passenger volume increases by 14% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April