Fletcher Corporation prepared the following income statement for the fourth quarter in 2020. O soints Sales revenue (30,000 units) Less: Costs of goods sold Gross margin Less: Selling & administrative expenses Net income $930,000 586,600 343,400 184,600 $158,800 eBook Print References 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. 5 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. 10 points Required: Prepare a contribution margin income statement for the fourth quarter in 2020. (Round "Per-unit dollars" to 2 decimal places and "Percentages of sales" to 1 decimal place.) eBook Print FLETCHER CORPORATION Contribution Margin Income Statement For the Fourth Quarter in 2020 References Less: Variable costs % % Less Fixed costs