For internal planning and decision-making purposes, the owner of LovableLovable Pets would like to translate the company's income statement into the contribution margin format. Since LovableLovable Pets is an e-tailer, all of its cost of goods sold was variable. A large portion of the selling and marketing expenses consisted of freight-out charges ($ 19 comma 000$19,000), 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 LovableLovable Pets's contribution margin income statement for last year

Lovable Pets Contribution Margin Income Statement For the Year Ended December 31 Data Table Lovable Pets Income Statement Year Ended December 31 Sales revenue Variable expenses Cost of goods sold Variable selling and marketing expenses Variable website maintenance expenses Other variable operating expenses Total variable expenses Contribution margin Food expenses Foxed selling and making expenses Variable website manance expenses Othered operating expenses $ 990.000 (675,000) 315.000 Sales revenue Cost of goods sold Gross profit Operating expenses Selling and marketing expenses Website maintenance expenses Other operating expenses Total operating expenses Operating income $ 64.000 59,500 Total fixed experi 21,000 Operating income (144,500) $ 170,500 Choose from any list or enter any number in the input fields and then click Chemisier All parts showing Print Done