$3-36$ Contribution margin, gross margin, and margin of safety. Juicy Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Lopez, a potential investor in the business. Help Mr$.$ Lopez under$-$ stand Juicy Beautys cost structure.Required Juicy Beauty Operating Income Statement June, $2017$ Units sold$20,000$ Revenues$$200,000$Cost of goods soldVariable manufacturing costs$$110,000$Fixed manufacturing costs$40,000$ Total cost of goods sold$150,000$Gross margin $50,000$Operating costsVariable marketing costs$ $10,000$Fixed marketing & admin costs$20,000$ Total operating costs$30,000$Operating income $ $20,000$ www$.$downloadslide.com$100$ Chapter $3$ CostVolumeprofit analysis Required $1.2.$Recast the income statement to emphasize contribution margin.Calculate the contribution margin percentage and breakeven point in units and revenues for June $2017.$What is the margin of safety $($in units$)$ for June $2017?$If sales in June were only $16,000$ units and Juicy Beautys tax rate is $30\%,$ calculate its net income.