Lester Company provides the following information for 2019:

Variable Manufacturing Costs per Unit Manufactured	$37
Variable Advertising Costs per Unit Sold	$31
Fixed Manufacturing Overhead Costs	$218,000
Fixed Advertising Costs	$119,000
Selling Price per Unit	$90
Beginning Inventory (Units)	0
Production Volume	24,000
Sales Volume	19,000

Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) Prepare a contribution margin statement for the year using the variable costing method.

Lester Company Contribution Margin Statement For the Year Ending December 31, 2019
Revenues		$Answer
Variable Costs:
Beginning Inventory	$Answer
Variable Cost of Goods Manufactured	$Answer
Cost of Goods Available for Sale	$Answer
Ending Inventory	$Answer
Variable Manufacturing Cost of Goods Sold	$Answer
Variable Advertising Costs	$Answer	$Answer
Contributed Margin		$Answer
Operating Expenses
Fixed Manufacturing Costs	$Answer
Fixed Advertising Costs	$Answer	$Answer
Income from Operations		$Answer

b) Prepare an income statement for the year using the absorption costing method.

Lester Company Income Statement For the Year Ending December 31, 2019
Revenues		$Answer
Cost of Goods Sold
Beginning Inventory	$Answer
Variable Manufacturing Costs	$Answer
Fixed Manufacturing Overhead Costs	$Answer
Cost of Goods Available for Sale	$Answer
Ending Inventory	$Answer	$Answer
Gross Margin		$Answer
Operating Expenses:
Advertising Costs		$Answer
Income from Operations		$Answer