The following costs result from the production and sale of 4,050 drum sets manufactured by Tight Drums Company for the year ended December 31, 2017. The drum sets sell for $255 each. The company has a 30% income tax rate. Varisble production costa Plastic for casing Wages of assenbly vorkers s 72,900 36,150 109,350 Drum stands Sales commissions Taxes on factory Variable selling costs 64,800 Pixed nanufacturing costs Factory maintenance Factory machinery depreciation 10,500 21,000 81,000 Pixed selling and adninistrative costs Lease of equipment for sales staEE Aceounting staff salaries Adninistrative managenent salaries 21,000 1,000 151,000 Required: 1. Prepare a contribution margin income statement for the company 2. Compute its contribution margin per unit and its contribution margin ratio. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a contribution margin income statement for the company Margin Income Statement 0 8 2 3 4