II. In year 2023, out of the 100,000 tables produced for the year, 80,000 were sold at $300 each. In year 2024, out of the 120,000 tables produced for the year, 100,000 were sold at $290 each. Create traditional and contribution format income statement for the periods 2023 and 2024.

Bonus question. Due to the increasing competition within the industry, if our value proposition is operational excellence specifically to be a cost leader, what would be the lowest selling price we could offer to our customers while still having an operating margin of 25%?