The actual anu prawneu uala TUI Uluer water Ullversicy TOILET autem were as TONOWS. Actual Planned Enrollment 4,500 4,125 Tuition per credit hour $120 $135 Credit hours 60,450 43,200 $275 $275 Registration, records, and marketing costs per enrolled student Instructional costs per credit hour Depreciation on classrooms and equipment $64 $60 $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours. Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fall term. Underwater University Variable Costing Income Statement For the Fall Term Revenue Variable costs: Registration, records, and marketing costs Instructional costs Total variable costs $ Contribution margin $ Depreciation on classrooms and equipment Operating income