The following costs result from the production and sale of 4,400 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $290 each. Variable costs Plastic for casing Wages of assembly workers: Deum stands Sales commissions $110,000 396,000 149,600 101,200 Fixed costs Taxes on factory 14,000 Factory maintenance 28,000 Factory machinery depreciation 88,000 Lease of equipment for sales staff 28,000 Accounting staff salaries 78,000 Administrative salaries 158,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For each dollar of sales, how much is left to cover fixed costs and contribute to income? (Round your answer to 2 decimal places.) For each dollar of sales, how much is left to cover fixed costs and contribute to income?