The following income statements illustrate different cost structures for two competing companies:

Income Statements
	Company Name
	Benson				Baird
Number of customers (a)		85				85
Sales revenue (a $220)	$	18,700			$	18,700
Variable cost (a $180)		N/A				(15,300	)
Variable cost (a $0)		0				N/A
Contribution margin		18,700				3,400
Fixed cost		(15,300	)			0
Net income	$	3,400			$	3,400

Required

Reconstruct Bensons income statement, assuming that it serves 170 customers when it lures 85 customers away from Baird by lowering the sales price to $120 per customer.

Reconstruct Bairds income statement, assuming that it serves 170 customers when it lures 85 customers away from Benson by lowering the sales price to $120 per customer.