Question Help Special Seals in a specialty pet gift shop selling exotic pet-related toms online. The shop has no physical location. Resultu for last year are shown next Click the icon to view the results) For internal planning and decision-making purposes, the owner of Special Seals would like to translate the company's income statement into the contribution margin format. Since Special Seal online only, all of its cost of goods sold a variable. A large portion of the selling and marketing expenses consists of freight-out charges (519,800), which were also variable Only 20% of the remaining selling and marketing expenses and 25% of the website expenses were variable of the other operating expenses 90% were foed. Based on this information, prepare Special Seals contribution margin income statement for last year Special Seals Contribution Margin Income Statement For the Year Ended December 31 LA Lass Choose from any list or enter any number in the input fields and then continue to the next question Data Table hov - X the ut I. A B B 3 1 Special Seals 2. Traditional Income Statement (Absorption Costing) 3 For the Year Ended December 31 4 Sales revenue $ 1,014,000 5 Less: Cost of goods sold 670,000 6 Gross profit 344.000 $ 00 $ 62,000 7 Less operating expenses: Selling and marketing expenses Website maintenance expenses 10 Other operating expenses 9 56,500 18,200 136,700 11 Operating income $ 207,300 Print Done