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The following income statements illustrate different cost structures for two competing companies Income Statements Company Name hornton uar Number of customers (a) Sales revenue(a x

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The following income statements illustrate different cost structures for two competing companies Income Statements Company Name hornton uar Number of customers (a) Sales revenue(a x $200) $ 17,20017,200 Variable cost (a x $175) Variable cost (a x $0) contribution margin Fixed cost 86 86 N/A ( 15,050) N/A (15,050) $2,150 $2,150 Net income Required a. Reconstruct Thornton's income statement, assuming that it serves 172 customers when it lures 86 customers away from Stuart by lowering the sales price to $100 per customer b. Reconstruct Stuart's income statement, assuming that it serves 172 customers when it lures 86 customers away from Thornton by lowering the sales price to $100 per customer Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Thornton's income statement, assuming that it serves 172 customers when it lures 86 customers away from Stuart by lowering the sales price to $100 per customer. THORNTON COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss) Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Stuart's income statement, assuming that it serves 172 customers when it lures 86 customers away from Thornton by lowering the sales price to $100 per customer. STUART COMPANY Income Statement Sales revenue Variable cost Contribution margin Fixed cost Net income (loss)

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