Explain it in detail

Question 2 (2 points) East Coast Supply Company has 3 separate distribution channels, telephone sales, online sales, and the retail store. For the past year East Coast Supply reported the following results: Sales $805,500 Variable expenses 358,800 Contribution ma rgin 446,700 Operating income 106,700 Management provided the following additional information for the three distribution channels: Telephone Retail store Sales 283,500 $165,000 Variable expenses as a 50% 45% percentage of sales Traceable xed expenses 112,000 Required Prepare a contribution format income statement for the year segmented by distribution channel