Hello,

Please need help asap. Please see document attached.

Thanks

The contribution format income statement for Huerra Company for last year is given below: Sales Variable expenses Total Unit $1,008,000 $50.40 604,800 30.24 Contribution margin Fixed expenses Net operating income Income taxes @ 40% Net income $ 403,200 325,200 20.16 16.26 78,000 31,200 3.90 1.56 46,800 $ 2.34 The company had average operating assets of $503,000 during the year