Matthew Young recently fulfilled his long-time dream of opening a gym that offers spinning exercise classes for $10 per person. To differentiate his gym and better serve his clients, Matthew provides a towel, a bottle of water, and an after-workout protein shake to each person participating in a class, at a cost of $1.98 per person. Matthew employs four part-time instructors and pays them each $3,300 per month. He also pays himself a monthly salary of $7,800. Matthew's other monthly costs are $3,800 for rent, $2,400 for depreciation on his 30 bikes, and $1,975 in utilities and insurance. (a) What is Matthew's contribution margin per unit? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin $ per unit (b) What is Matthew's contribution margin ratio? (Round answer to 2 decimal places, e.g. 52.75.) Contribution margin ratio % (c) Prepare Matthew's monthly contribution format income statement. Assume that he teaches 6,300 clients. (Round per unit values to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e.g. 1,234.) Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Instructor Salaries Expense Management Salary Expense Rent Expense Depreciation Expense Utilities & Insurance Expense Total Fixed Expenses Operating Income $ $ Per Unit $