Exercise 8-9 Preparing a Contribution Margin Income Statement (LO1 - CC1, 4) Fletcher Corporation prepared the following income statement for the fourth quarter in 2018. Sales revenue (30,000 units) Less: Costs of goods sold $930,000 586,600 Gross margin 343,400 Less: Selling & administrative 184,600 expenses Net income $158,800 Fletcher's annual fixed manufacturing expenses, incurred uniformly each quarter, amount to $834,400; it also pays a sales commission of $2 per unit to its sales personnel. Required: Prepare a contribution margin income statement for the fourth quarter in 2018. (Round "Per-unit dollars" to 2 decimal places and "Percentages of sales" to 1 decimal place.) Less: Variable costs Less: Fixed costs FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2018 % % $ 0 $ 0.00 0.0 % $ 0