The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31,2019 . The drum sets sell for $500 each. The company has a 25% income tax rate Required: 1. Prepare a contribution margin income statement for the year. 2. Compute its contribution margin per unit and its contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income? Prepare a contribution margin income statement for the year. Fixed costs Total fixed costs Compute its contribution margin per unit and its contribution margin ratio. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income? (Round your answer to 2 decimal placos.) For each dollat of sales, how much ia left to cover fixid costs and contribute to operating income