Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 operating hours for its boats Required 1. Complete the schedule of the company's total and unit costs. (Round "Cost per hour" answers to 2 decimal places.) Operating Hours 14,000 12,000 16,000 18,000 Total costs Variable costs $ 54,000 504,000 $ 558,000 Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per hour 0.00 0.00 $ 0.00 S 0.00 2. Assume that Wave Runners rents it boats for $40 per hour and had 15,000 hours of rentals last year Prepare a contribution format income statement for the year