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Comfy Seating Company is currently selling 3,500 oversized bean bag chairs a month at a price of $100 per chair. The variable cost of each

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Comfy Seating Company is currently selling 3,500 oversized bean bag chairs a month at a price of $100 per chair. The variable cost of each chair sold includes $60 to purchase the bean bag chairs from suppliers and a $4 sales commission. Fixed costs are $6,000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income. Read the requirements. Requirement 1. Prepare the company's current contribution margin income statement (Use parentheses or a minus sign for an operating loss.) 350,000 Comfy Seating Company Contribution Margin Income Statement Sales revenue $ Variable expenses: Cost of goods sold $ 210,000 14,000 Operating expenses Contribution margin Fixed expenses 14000 336000 6,000 330000 Operating income (loss)

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