You have been provided the following information by Mehal and Rahul Emporium.

Sales	700,000
Direct Labour - Variable	100,000
Direct Labour - Fixed	150,000
Administration Staff - Wage Expense	35,000
Administration Staff - Salary Expense	45,000
Advertising Staff - Salary Expense	55,000
Advertising Staff - Wage Expense	50,000
Direct Material - Fixed	80,000
Direct Material - Variable	60,000
Manufacturing Overhead - Variable	20,000
Manufacturing Overhead - Fixed	25,000
Janitorial Staff - Wage Expense	30,000

REQUIRED:

Using this information, complete the two tables below. You are not required to list each individual accounts such as Administration Staff - Wage Expense or Direct Labour - Fixed. Select the name of the total line such as Fixed Costs or Variable Costs and the dollar amount opposite it.

Table A is the Income Statement prepared using the Gross Margin Format

Table B is the Income Statement prepared using the Contribution Margin Format