Routers $670,000 40% Switches $970,000 Sales Variable costs (as a percentage of sales) Traceable fixed costs 45% $250,000 $125,000 In addition, fixed costs common to both product lines amounted to $220,000. Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business and with the responsibility margin for each product line. (Round percentage answers to 2 decimal place. I.e. 0.1234 should be considered as 12.34%.) Ethernet Switches Line Dollars Porcent of Sales HEPRAS INCORPORATED Responsibility Income Statement For the Current Month Entire Company Routers Line Dollars Percent of Sales Dollars Percent of Sales % $ 670.000 100.00% 268,000 40.00 $ 0 0.00% $ 402,000 60.00% 250.000 37.31 $ 0 0.00% $152,000 22.69% 100.00% $ 970,000 435,500 $ 533,500 125.000 $ 408,500 Sales Variable costs Contribution margin Fixed costs traceable to product lines Product responsibility margin Common fixed costs Income from operations 45.00 55.00% 38.77 % $ 0 0.00%