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. The drum sets sell for $500 each. Variable costs Plastic for casing $ 17,000 Wages of assembly workers 82,000 Drum stands 26,000 Sales commissions 15,000 Fixed costs look Taxes on factory 5,000 Factory maintenance) int 10,000 . Factory machinery depreciation 40,000 ences Lease of equipment for sales staff Accounting staff salaries 10,000 35,000 Administrative salaries 125,000 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 31 Check m