For internal planning and decision-making purposes, the owner of Fabulous Flamingos

FabulousFlamingos would like to translate the company's income statement into the contribution margin format. Since Fabulous Flamingos

FabulousFlamingos 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 ($ 20 comma 000

$20,000), 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. Based on this information, prepare Fabulous Flamingos

FabulousFlamingos' contribution margin income statement for last year.