Managerial Accounting Question!

Thank you so much in advance!!!

Current Year Prior Year Revenues $ 5,000,000 100.00% $ 4,800,000 100.00% Cost of sales $ 2,250,000 45.00% $ 2,112,000 44.00% Gross Margin $ 2,750,000 55.00% $ 2,688,000 56.00% Expenses Selling Fixed $ 1,150,000 23.00% $ 1,138,500 23.72% Variable $ $ 5.50% $ 28.50% $ 272,250 1,410,750 5.67% 29.39% 1,425,000 General and Admin Fixed 100,000 2.00% $ 99,000 2.06% Variable $ 285,000 385,000 5.70% 7.70% $ $ 282,150 381,150 5.88% 7.94% R&D Fixed $ 188,000 3.76% $ 186,120 3.88% Variable $ 130,000 318,000 2.60% 6.36% $ $ 128,700 314,820 2.68% 6.56% Total expenses $ 2,128,000 42.56% $ 2,106,720 43.89% Net Income from operations $ 622,000 12.44% $ 581,280 12.11% Required: Prepare a Contribution Margin Income Statement for both years