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

Required

a$.$ Reconstruct Gibson's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from Franklin by

lowering the sales price to $$120$ per customer.

b$.$ Reconstruct Franklin's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from Gibson by

lowering the sales price to $$120$ per customer.

Complete this question by entering your answers in the tabs below.

Reconstruct Gibson's income statement, assuming that it serves $174$ customers when it lures $87$ customers away from

Franklin by lowering the sales price to $$120$ per customer.