The following is the regular income statement for the first quarter of 2018 ::belonging to Al Sharq Electrical Appliances Income statement for the period ending in 31/03/2018 (OMR) Total (OMR) Partial Statement 1600000 Sales revenue 800000 The cost of the sold goods 800000 Total revenue 600000 Operation costs 400000 Selling expenses 200000 Administrative expenses 200000 Operating Revenue If you know the following: 1. The selling price of one piece is 8,000 riyals, and the company uses half of its available capacity 2. The variable cost per piece is 750 riyals in relation to selling expenses, .and the remainder of it is fixed costs .3. Administrative expenses are 25 of it is a variable and 75% is fixed :Find .1. Prepare an income statement on the basis of the contribution 2. Assuming that the company sold 100 additional items. .3. Calculate the increase in net income with an explanation Part (2) You have the following data extracted from the books of a company: variable costs total 120,000 riyals, fixed costs total of 40000 riyals, and the break-even point is of the value 100,000 riyals 1. Calculate sales revenue, gross contribution margin, and net income for the .company