Gorgeous Gorillas is a specialty pet gift shop selling exotic pet$-$related items online. The shop has no physical location.

Results for last year are shown next:

$($Click the icon to view the results.$)$

For internal planning and decision$-$making purposes, the owner of Gorgeous Gorillas would like to translate

the company's income statement into the contribution margin format. Since Gorgeous Gorillas 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

$($$$19,600),$ 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

Gorgeous Gorillas' contribution margin income statement for last year.

Gorgeous Gorillas

Contribution Margin Income Statement

For the Year Ended December $31$

Less:

Less: