Income Statement - Biblio Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $394,000 Variable costs: Manufacturing expense $157,600 Selling expense 15,760 Administrative expense 63,040 (236,400) $157,600 Contribution margin Fixed costs: Manufacturing expense $80,500 Selling expense 8,000 Administrative expense 10,000 (98,500) Operating income $59,100 Sales Mix new product offerings. Biblio Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for Type of Sales Price Variable Cost Bookshelf per Unit per Unit Basic $5.00 $1.75 Deluxe 9.00 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the Basic and Deluxe products as components of one overall enterprise product called "Combined," the unit contribution margin for the Combined product would be $2.31. Fixed costs for the upcoming year are estimated at $323,400. Recall that the totals of all the sales mix percents must be 100%. Determine the amounts to complete the following table