E6-36A (similar to i Question Heli Lovable Lions is a specialty pet gift shop selling exotic pet-related items online, The shop has no physical location. Results for last year are shown next (Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Lovable Lions would like to translate the company's income statement into the contrib margin format. Since Lovable Lions is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses consists freight out charges $20,800 which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses w Cost of goods sold Choose from any list or enter any number in the input fields and then click Check Answer. Clear All 4 Previous Next 25 20 Score: 0 of 3 pts HW Score: 67.3%, 20.19 of 30 E6-36A (similar to) Question Help (ux une loon uu view unt results.) For intenal planning and decision-making purposes, the owner of Lovable Lions would like to translate the company's income statement into the contribution margin format. Since Lovable Lions is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses consists of r at charges S20 800 which were also variable. On y 20% of the remaining selling and marketing expenses and 25% of the website expenses were vanable. Of the other operating expenses, 90% were fixed. Based on this information, prepare Lovable Lions' contribution margin income statement for last Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Next 80 T 202 PM SPRING 2019 (31208) shakra h mework: CH6 : 0 of 3 pts 6A (similar to) ernal planning and decisi 8 of 8 (6 complete) Score: 67.3%, 20. Question Data Table - statement into the c eting expenses con f the website expen ,000gin income statemen format. Since Lovable Li out charges ($20,800), w e. Of the other operating $ 1,011,000 Sales revenue Less: Cost of goods sold Gross profit Less operating expenses: $ 343,000 $61,000 Selling and marketing expenses Website maintenance expenses Otheronaratina avnansoc 56,000 18,400 135,400 from any list or enter PrintDone s showing Check Answer ious 25 charges ($20,800), w f the other operating f the website expen gin income statemen $ 343,000 Gross profit Less operating expenses: Selling and marketing expenses Website maintenance expenses Other operating expenses $ 61,000 56,000 18,400 135,400 $207,600 Operating income from any list or enter Print Done revious Nex 25 7 5 6 8 9