Craig Carriage Company offers guided horse-drawn carriage rides through historic

Columbus, Georgia. The carriage business is highly regulated by the city. Craig Carriage Company has the following operating costs during April:

Monthly depreciation expense on carriages and stable. . . . . . . . . . . . . . .	$2,000
Fee paid to the City of Columbus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	20% of ticket revenue
Cost of souvenir set of postcards given to each passenger. . . . . . . . . . .	$0.95/set of postcards
Brokerage fee paid to independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Craig Carriage Company)	$1.60/ticket sold by broker
Monthly cost of leasing and boarding the horses. . . . . . . . . . . . . . . . . . . .	$49,000
Carriage drivers (tour guides) are paid on a per passenger basis. . . . . .	$3.10 per passenger
Monthly payroll costs of non-tour guide employees. . . . . . . . . . . . . . . . . .	$7,600
Marketing, website, telephone, and other monthly fixed costs. . . . . . . . .	$7,000

During April (a month during peak season), Craig Carriage Company had 13,200 passengers. Sixty percent of passengers were adults ($22 fare) while 40% were children ($14 fare).

1.	Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar.
2.	Assume that passenger volume increases by 12% 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?

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Part 1

Requirement 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. (Do not round interim calculations or amounts. Round all amounts input in the table to the nearest dollar.)

Craig Carriage Company
Contribution Margin Income Statement
For the Month Ended April 30
Sales revenue
Less:
Less: