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Complete each of the following contribution format income statements by supplying the missing numbers noted by? a b Sales Revenue $400,000 ? Variable expenses $160,000

Complete each of the following contribution format income statements by supplying the missing numbers noted by?

a

b

Sales Revenue

$400,000

?

Variable expenses

$160,000

$270,000

Contribution Margin

$240,000

$330,000

Fixed Expenses

$60,000

?

Operating Income

?

$240,000

Income Taxes

$45,000

$60,000

Net Income

$135,000

$180,000

  1. In case a, what is the operating income?
  2. In case b, what is the Sales Revenue?
  3. In case b, what are the Fixed Expenses?

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