Clarence Company has divided its business into segments based on sales territories: East Coast, Midland, and West Coast. Following are financial data for 2024: (Click the icon to view the financial data.) Prepare an income statement for Clarence Company for 2024 using the contribution margin format assuming total fixed costs for the company were $475,000. Include columns for each business segment and a column for the total company Begin by preparing the contribution margin income statement for each segment, then for the total of the company. Clarence Company Contribution Margin Income Statement For the Year Ended December 31, 2024 East Coast Midland West Coast Total Units Sold units units units Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Data table East Coast Midland West Coast Units sold 70 60 51 $ 13,200 $ 11,400 Sales price per unit Variable cost per unit 10,700 $ 6.741 6,600 5,928 Print Done