Fabus Flamingos a a specialty pet gift shop selling exotic pereled ems crine The shop has no physical location Results for last year are For eternal planning and decon-making purposes, the peer of Fatuus Flamingos would like to translate the company's income statement is the corbution margin format. Sree Fabulous Flamings is be only at of the cost of goods olde vartates Alarge portion of the saling and marketing expenses consists of freight-out charges (20.2001, which were also variatie Only 20% of the remaining seting and marketing expenses and 25% e variable. Of the other operating expenses, 60% were fixet Based on mis information, prepare Fabulous Flamingos coetution margin income statement for last year L Fabulous Flamingos Contribution Margin Income Statement For the Year Ended December 31 Data table " Fabulous Flamingos 2 Tradisional Income Statement (Absorption Costing) 3 For the Year Ended December 21 4Sales $87.000 Less Cost of goods sold 675.000 312.000 7 Lass operating expenses N Salling and marketing expense $ 4.500 B Website maintenance expenses 57.500 10 Other operating expenses 18.000 14600 11 Operating income S 171 400 Print Done