Travel 9,500 10,500 5 Miscellaneous selling expense Administrative expenses: Office and officers' salaries 123,600 15,200 2 Supplies Miscellaneous administrative expense 14,100 3 Total $950,400 $72 It is expected that 6,600 units will be sold at a price of $360 a unit. Maximum sales within the relevant range are 8,000 units. Required: 1. Prepare an estimated income statement for 20%. Belmain Co. Estimated Income Statement For the Year Ended December 31, 2017 Cost of goods sold: eBook Calculator CSILLU CUM SOLEMIC For the Year Ended December 31, 2017 Cost of goods sold: und Cost of goods sold Gross profit Expenses: Selling expenses: Total selling expenses Administrative expenses: bad Total administrative expenses Total expenses Income from operations Check My Work All work saved. 2. What is the expected contribution margin ratio? Round to the nearest whole percent. %