Five Macaws is a speclalty pet gift shop selling exotic pet-related items online. The shop has no physical location. Aesults for last year are shown next: For internal planning and decision-making purposes, the owner of Flve Macaws would like to translate the company's income statement into the contribution margin format. Since Five Macaws is online only, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses consists of freight-out charges ($19,400), which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable. Of the other operating expenses, 90% were fixed. Use the blue shaded areas on the ENTERANSWERS tab for inputs. Aways use celi references and formulas where appropriate to receive full credit. If you copy/paste from the instructions tab or if you type the numbers in, you will be marked wrong. Requirements Prepare Five Macaws' contribution margin income statement for last vear, a. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. b. Follow the format shown in Exhibit 6-22. (Always use cell references and formulas where appropriate to receive full credit. If you copy/ paste from the Instructions tab or if you type the numbers in, you will be marked wrong.)