i Data Table -X alty pet results. last year are sho A B sion-mal agos is a e also ve e fixed. statement into th kpenses consists benses were varia for last year. N ous Flar argin in Ended 1 Fabulous Flamingos Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 1,011,000 5 Less: Cost of goods sold 675,000 6 Gross profit $ 336.000 7 Less operating expenses: er any nu Print Done i Data Table la 4 Sales revenue $ 1,011,000 675,000 st xp ber fo 5 Less: Cost of goods sold 6 Gross profit $ 336,000 $ $ 61,500 8 7 Less operating expenses: Selling and marketing expenses 9 Website maintenance expenses 10 Other operating expenses 60,500 17,200 139,200 $ 196.800 11 Operating income Done Print nu Fabulous Flamingos is a specialty pet gift shop selling exotic pat-related items online. The shop han no physical location. Results for last year we show next Click the icon to view the results.) For internal planning and decision-making purposes, the owner of Fabulous Flamingos would like to translate the company's income statement into the contribution margin H format. Since Fabulous Flamingos is online only, all of its cost of goods sold in variable. A large portion of the selling and marketing expenses consists of freight-out charges ($19,200), which were also variable. Only 20% of the remaining seling 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 contribution margin income statement for last year. Fabulous Flamingos Contribution Margin Income Statement For the Year Ended December 31 Less Choose from any list or enter any number in the input fields and then continue to the next question 306 AM 4/21/2021 w WS charges ($19,200), which were also variable. Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were va operating expenses, 90% were fixed. Based on this information, prepare Fabulous Flamingos' contribution margin income statement for last year Fake Less: Cm from dirt or enter any number in the input fields and then continue to the next question Less Choose from any list or enter any number in the input fields and then continue to the next