Exercise D2-16 Anthony Herrera recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $5.58 per person. To differentiate his gym and better serve his clients, Anthony provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $2.08 per person. Anthony employs three part-time instructors and pays them each $1,128 per month. He also pays himself a monthly salary of $4,424. Anthony's other monthly costs are $1,510 for rent, $1,418 for depreciation on his 32 bikes, and $1,990 in utilities and insurance. (a) What is Anthony's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75. Contribution margin 3.50 per unit (b) What is Anthony's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio 62.72 % (c) Prepare Anthony's monthly contribution format income statement. Assume that he teaches 5,351 clients. (Round per unit values to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e.g. 5,275.)