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Prepare two contribution margin income statements: one at the $246,000 sales level and one at the $366,000 sales level. (Hint: The proportion of each sales

Prepare two contribution margin income statements: one at the $246,000 sales level and one at the $366,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) First prepare the contribution margin income statement at the $246,000 sales level.

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