Accounting records for The Ralston Company show the following for the most recent fiscal year:

Required

Prepare:

a. A gross margin income statement.

b. A contribution margin income statement.

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Units produced and sold Total revenues and costs Sales revenue.. Direct materials costs.. Direct labor costs Variable manufacturing overhead Fixed manufacturing overhead.. Variable marketing and administrative costs. Fixed marketing and administrative costs 59,500 $369,600 95,200 47,600 23,800 61,600 19,500 46,700