Contribution Margin Income Statement

Prepare a contribution margin income statement (Learning Objective 6) Chartrand Carriage Company offers guided horse-drawn carriage rides through historic old Montreal. The carriage business is highly regulated by the city. Chartrand Carriage Company has the following operating costs during April: During April (a month during peak season) Chartrand Carriage Company had 12,970 passengers. Eighty-five percent of passengers were adults ($26 fare) while 15% were children ($18 fare). Requirements Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. Assume that passenger volume increases by 18% 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