The following costs result from the production and sale of 4.150 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $265 each. Variable costs Plastic for casing $ 83,000 Wages of assembly workers 352,750 Drun stands 120, 350 Sales comissions 74,700 Fixed costs Taxes on factory 11,500 Factory maintenance 23,000 Factory machinery depreciation 83,000 Lease of equipment for sales staff 23,000 Accounting staff salaries 73,000 Administrative salaries 153,000 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. Requwed 1 Required 2 Required Required 1 Required 2 Required 3 Prepare a contribution margin income statement for the year. TIGHT DRUMS COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31 Per Unit Sales Variable costs Total variable costs Contribution margin 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 contnbute to income?