omeWork: CH6HW ore: 0 of 1 pt -54B (book/static) abulous Flamingos is a specialty pet gift shop selling exotic pet-related items over the Intemet. Results for last year are as folows 50, 5 (4 complete) Hw Score: 53.71%, 2.69 of 5 pts Question Help * (Click the icon to view the resuits.) or internal planning and decision-making purposes, the owner of Fabulous Flamingos would like to translate the company's income statement into the tailer and has no physical presence, all of its cost of goods sold is variable. A large portion of the selling and marketing expenses consists of freight-out mang seling and marketing expenses and 25% of the websie expenses were variable. Of the other operatng expenses, 90% were tod argin income statement for last year. contribution margin format. Since Fabulus Ram s is a web charges ($19,400), which were also variable. Only 20%% of the For the Year Ended December 31 Sales revenue $ 1,005,000 ess: Variable expenses 669,000 19400 Cost of goods sold Variable seling and marketing expenses Variable website maintenance expenses Other variable operating expenses Contribution margirn Less: Flxed expenses Fixed seling and marketing expenses Fixed website maintenance expenses Other fixed operating expenses S 201,500 Operating income k Anawe