For internal planning and decision-making purposes, the owner of Lovable Lions would like to translate the company's income statement into the connibution margin format. Since Lovatie Lions is online only, al of col of goods sold is variable. A large portion of the selling and marketing expenses consists of freight-out charges ($19,800), which were also variable. Only 20% of the remaining selling and markating expenses and 25% of the website expenses were variable. Of the other operating expenses, 90% were faed. Based on this information, prepare Lovable Lions' contribution margin income staterers for last y Lovable Lions Contribution Margin Income Statement Sales revenue Less For the Year Ended December 31 Variable expenses Cost of goods sold Variable selling and marketing expenses Variable website maintenance expenses Other variabin operating expenses Contribution margin Less Fixed expenses Fixed selling and marketing expenses Fixed website maintenance expenses Other fand operating expenses Operating income Lava Data table P Done OP