The following income statement was drawn from the records of Butter Company, a merchandising firm BUTLER COMPANY Income Statement For the Year Ended December 31, 2014 Sales revenue (4,500 units x $168) Cost of goods sold (4,500 units $84) $ 756.000 (378,000) Gross margin Sales commissions (5% of sales) Administrative salaries expense Advertising expense Depr Shipping and handling expenses (4,500 units S3) 378,000 (37,800) (84,000) (39,000) (48,000) (13,500) expense Net income $ 155,700 Required a. Reconstruct the income statement using the contribution margin format ER COMPANY Income Statement For the Year Ended Dec ber 31, 2014 Less: Variable costs