The following income statements illustrate different cost structures for two competing companies Income Statements Number of customers (a) Sales revenue (a $200) Variable cost (a $140) Variable cost (as) Contribution margin Fixed cost Net income Company Name $ 40,000 HELL 200 N/A Creek 200 $ 40,000 (28,000) 48,000 128,0001 $12,000 12,000 $12,000 N/A Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabe below. Required A Required Reconstruct His income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer HILL COMPANY Income Statement Varbie cool Check my work Required 312,888 a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer. b. Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Creek's income statement, assuming that it serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. CREEK COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) 10 Number of customers (a) Sales revenue (a $200) Variable cost (a $140) Variable cost (as) Contribution margin Fixed cost Net income HALL 200 $40,000 Creek 200 $40,000 N/A 40,000 (28,000) N/A 12,000 (28,000) $ 12,000. $ 12,000 Hell Relevances Required a. Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer b. Reconstruct Creek's income statement, assuming that serves 400 customers when it lures 200 customers away from Hill by lowering the sales price to $120 per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Hill's income statement, assuming that it serves 400 customers when it lures 200 customers away from Creek by lowering the sales price to $120 per customer HALL COMPANY Sales revenue Variable cost Contribution marg F Net income poss Check my work