Vintage Carriage Company offers guided horse-drawn carriage rides through historic Camden, South Carolina. The carriage business is highly regulated by the city. Vintage Carriage Company has the following operating costs during April: Click the icon to view the information.) During April (a month during peak season), Vintage Carriage Company had 13,500 passengers. Eighty percent of passengers were adults ($26 fare) while 20% were children (S18 fare). Read the requirements Requirement 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. (Do not round interim calculations or amounts. Round all amounts input in the table to the nearest dollar.) Vintage Carriage Company Contribution Margin Income Statement For the Month Ended April 30 Less Less: Requirement 2. Assume passenger volume increases by 18% in May. Which figures on the income statement would you expect to change and by what percentage would they change? expenses to 18%. This is because costs change in direct If passenger volume increases by 18% in May, we would expect proportion to changes in volume. As a result, the would 18%. Which figures would remain the same as in April? Assuming that a 18% increase in volume is still in the same relevant range, we would expect costs to remain at their present level. Data Table $ 2,300 10% of ticket revenue $0.75/set of postcards Monthly depreciation expense on carriages and stable... Fee paid to the City of Camden..... Cost of souvenir set of postcards given to each passenger... Brokerage fee paid to independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Vintage Carriage Company) Monthly cost of leasing and boarding the horses..... Carriage drivers (tour guides) are paid on a per passenger basis Monthly payroll costs of non-tour guide employees Marketing, website, telephone, and other monthly fixed costs. $1.50/ticket sold by broker $ 49,000 $3.90 per passenger 7,900 7,200 CA CA Print Done Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. 2. Assume that passenger volume increases by 18% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April? Print Done