Exercise 2-57 (Algo) Gross Margin and Contribution Margin Income Statements (LO 2-7) Accounting records for The Ralston Company show the following for the most recent fiscal year: Units produced and sold 59,500 Total revenues and costs Sales revenue $ 373,600 Direct materials costs. Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead 95,600 48,000 24,200 62,000 Variable marketing and administrative costs Fixed marketing and administrative costs 19,900 47,100 Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a gross margin income statement. Gross Margin Income Statement Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution margin income statement. Contribution Margin Income Statement