Contribution Margin Income Statement, Service Company. Last month Nakahara Cuisine, Inc. had total sales of $$600,000.$ Food preparation and service costs totaled $$270,000(20$ percent fixed, $80$ percent variable$).$ Selling and administrative costs totaled $$90,000(70$ percent fixed, $30$ percent variable$).$ Contribution Margin Income Statement, Service Company. Last month Nakahara Cuisine,

Inc. had total sales of $$600,000.$ Food preparation and service costs totaled $$270,000(20$

percent fixed, $80$ percent variable$).$ Selling and administrative costs totaled $$90,000(70$ percent

fixed, $30$ percent variable$).$

Required:

a$.$ Prepare a traditional income statement for the company.

b$.$ Prepare a contribution margin income statement for the company.

Required:

Prepare a traditional income statement for the company.

Prepare a contribution margin income statement for the company.