Complete the blank lines. Enter the dollar amounts for all line items. Enter the percentages of...

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Complete the blank lines. Enter the dollar amounts for all line items. Enter the percentages of sales for Sales, Total variable expenses, and Contribution margin. 15% Commission 20% Commission Own Sales Force Sales $16,000,000 100 % $16,000,000 % $16,000,000 % Variable expenses: Manufacturing $7,200,000 Commissions (15%, $2,400,000 $7,200,000 $7,200,000 $ $ 20%, 7.5%) Total variable expenses $9,600,000 60 % $ % $ % Contribution margin $6,400,000 40 % $ % $ % Fixed expenses: Manufacturing $2,340,000 $2,340,000 $2,340,000 overhead Marketing $120,000 $120,000 Administrative $1,800,000 $ $ Interest $540,000 $540,000 $540,000 Total fixed expenses $4,800,000 $4,800,000 $ Income before income taxes $1,600,000 $800,000 $475,000 Income taxes (30%) $480,000 $240,000 $142,500 Net income $1,120,000 $560,000 $332,500 Complete the blank lines. Enter the dollar amounts for all line items. Enter the percentages of sales for Sales, Total variable expenses, and Contribution margin. 15% Commission 20% Commission Own Sales Force Sales $16,000,000 100 % $16,000,000 % $16,000,000 % Variable expenses: Manufacturing $7,200,000 Commissions (15%, $2,400,000 $7,200,000 $7,200,000 $ $ 20%, 7.5%) Total variable expenses $9,600,000 60 % $ % $ % Contribution margin $6,400,000 40 % $ % $ % Fixed expenses: Manufacturing $2,340,000 $2,340,000 $2,340,000 overhead Marketing $120,000 $120,000 Administrative $1,800,000 $ $ Interest $540,000 $540,000 $540,000 Total fixed expenses $4,800,000 $4,800,000 $ Income before income taxes $1,600,000 $800,000 $475,000 Income taxes (30%) $480,000 $240,000 $142,500 Net income $1,120,000 $560,000 $332,500