The following income statements illustrate different cost structures for two competing companies Income Statements Company Name Franklin Finch Number of customers (a) 86 86 Sales revenue (a * $240) $ 20,640 $ 20,640 Variable cost (a * $175) N/A (15,650) Variable cost (a x $0) N/A Contribution margin 20,640 5,590 Fixed cost (15,650) Net income $ 5,590 $ 5,590 Required a. Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $140 per customer b. Reconstruct Finch's income statement, assuming that it serves 172 customers when it lures 86 customers away from Franklin by lowering the sales price to $140 per customer. Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Franklin's income statement, assuming that it serves 172 customers when it lures 86 customers away from Finch by lowering the sales price to $140 per customer. FRANKLIN COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) $ $ 0