Craig Carriage Company offers guided horse-drawn carriage rides through historic Dalton, Georgia. The carriage business is highly regulated by the city. Craig Carriage Company has the following operating costs during April: (Click the icon to view the information.) During April (a month during peak season), Craig Carriage Company had 12,700 passengers. Seventy percent of passengers were adults ($26 fare) while 30% were children ($18 fare). Read the requirements. Requirements 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 Sales revenue For the Month Ended April 30 Less: Variable expenses Fee paid to city Complimentary postcards Brokerage fee Carriage driver wages Data table Contribution margin Less: Fixed expenses Leasing and boarding horses Non-carriage driver payroll expense Depreciation expense Other fixed operating expenses Operating income Monthly depreciation expense on carriages and stable.. Fee paid to the City of Dalton .... Cost of souvenir set of postcards given to each passenger..... Brokerage fee paid to independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Craig Carriage Company) Monthly cost of leasing and boarding the horses...... Carriage drivers (tour guides) are paid on a per passenger basis. Monthly payroll costs of non-tour guide employees Marketing, website, telephone, and other monthly fixed costs.. Print Done 2,000 20% of ticket revenue $0.60/set of postcards $1.90/ticket sold by broker $ 48,000 $3.80 per passenger $ 7,750 $ 7,000 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 13% 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? Print Done