The following income statements show equal net income even though quite different cost structures exist for the two companies: Note: "N/A" means not applicable to that particular company. Income Statements Company Name Baird Adams Number of customers (a) (a 86 86 Sales revenue (a x $220) $ 18,920 $ 18,920 Variable cost (a * $175) N/A (15,050) Variable cost (a * $0) 0 N/A Contribution margin 18,920 3,870 Fixed cost (15,050) 0 Net income $ 3,870 $ 3,870 Required a. Reconstruct Baird's income statement, assuming that it serves 172 customers when it lures all 86 customers away from Adams by lowering the sales price to $120 per customer. b. Reconstruct Adams's income statement, assuming that it serves 172 customers when it lures all 86 customers away from Baird 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 Baird's income statement, assuming that it serves 172 customers when it lures 86 customers away from Adams by lowering the sales price to $120 per customer. BAIRD COMPANY Income Statement Sales revenue Variable cost Contribution margin $ Fixed cost Net income (loss) $ 0 0 Complete this question by entering your answers in the tabs below. Required A Required B Reconstruct Adams's income statement, assuming that it serves 172 customers when it lures 86 customers away from Baird by lowering the sales price to $120 per customer. ADAMS COMPANY Income Statement Sales revenue Variable cost Contribution margin $ 0 Fixed cost Net income (loss) $ 0