Dameron Company presents the revenue and cost data for 2017 are as follows: 600,000 300,000 300,000 Revenue (12,000 units sold) Cost of goods sold Gross margin Operating costs Salaries fixed Commission (12% of sales) Depreciation on equipment Store rent Other operating costs Operating loss 140,000 72,000 10,000 42,000 45,000 309,000 9,000 An analysis of the Cost of Goods sold (COGS) reveals that it includes $10,000 fixed costs while further analysis of other operating costs shows $30,000 variable costs that varies with sales volume. Required: a) b) Based on the information above, create a contribution margin' income statement. (11 marks) Compute the contribution margin ratio. (1 mark)