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Please see question below. 2 parts. The following income statements illustrate different cost structures for two competing companies: Income Statements ngganx Name Finch Fanning Number

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Please see question below. 2 parts.

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The following income statements illustrate different cost structures for two competing companies: Income Statements ngganx Name Finch Fanning Number of customers (a) 84 84 Sales revenue (3 x $250) $ 21,000 $ 21,000 Variable coat (a x $185) N/A (15,540) Variable cost (a x 50) 0 N/A Contribution margin 21,000 5,460 Fixed cost 15,540) 0 Net income 5 5,460 $ 5,460 [ Required 3. Reconstruct Finch's income statement, assuming that it serves 168 customers when it lures 84 customers away from Fanning by lowering the sales price to $150 per customer. 1:. Reconstruct Fanning's income statement, assuming that it serves 168 customers when it lures 84 customers away from Finch by lowering the sales price to $150 per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Finch's income statement, assuming that it serves 168 customers when it lures 84 customers away from Fanning by lowering the sales price to $150 per customer. Sales revenue Variable oost Contribution margin Fixed cost Net income (loss) Required A Required B Sales revenue Variable cost Contribution margin Fixed cost Net income (loss)

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