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Cute Cats is a specialty pet gith shop selling exotic pet-related lems online. The shop has no physical location. Results for last year are shown
Cute Cats is a specialty pet gith shop selling exotic pet-related lems online. The shop has no physical location. Results for last year are shown next: (Click the icon to vew the results.) For internal planning and decision-making purposes, the owner of Cule Cats would the to translate the company/s income statement into the contribetion margin format. Since Cute Cats is. online only, all of its cost d goods sold is varabie. A large portion of the selling and markeling expenses consists of freight-out charges ($19.000), which were also variable. Only 20% of the remaining seling and marketing expenses and 25% of the webste expenses were variable. Of the other cperaking experses, 90% were foed. Based on this information, prepare Cuto Cats' contribution margin income statement for last year. Data table
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