Fletcher Corporation prepared the following income statement for the fourth quarter in 2018. Prepare a contribution margin income statement for the fourth quarter in 2018.

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 Less: Selling & administrative expenses 343,400 184,600 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.) FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2018 % % Sales revenue Less: Variable costs Cost of goods sold Sales commission Contribution margin Less: Fixed costs Cost of goods sold Selling & administrative expenses $ 0 $ 0.00 0.0 % $ 0