The following data are from the accounting records of Niles Castings for year 2 82,800 Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $299,000 61,880 33,eee 19, we 48,00 11,500 29, eee Required: a. Prepare a gross margin Income statement b. Prepare a contribution margin Income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a gross margin income statement. Gross Margin Income Statement The following data are from the accounting records of Niles Castings for year 2 82,eee Units produced and sold Total revenues and costs Sales revenue Direct materials costs Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead Variable marketing and administrative costs Fixed marketing and administrative costs $ 290,000 61,000 33, eee 19,800 48,00 11,500 29,00 Required: a. Prepare a gross margin Income statement. b. Prepare a contribution margin Income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a contribution margin income statement. Contribution Margin Income Statement