Question: Complete the multi product contribution margin income statement with the given information: Net income earned during most recent period: $ 65,000 Contribution margin ratio: 15%

Complete the multi product contribution margin income statement with the given information:

Net income earned during most recent period: $ 65,000
Contribution margin ratio: 15%
Fixed costs incurred during most recent period: $ 175,000
Statutory tax rate: 37%
Operating income generated at breakeven: $ -
Applicable to the Football Division
Selling price per football $ 18.00
Total variable cost dollars incurred by Football Division $ 952,088
Quantity of footballs sold during most recent period: 64,000
Applicable to the Baseball Division
Variable cost per baseball: $ 3.24
Footballs Baseballs Total
Total $ $ per Unit Sales Ratios Total $ $ per Unit Sales Ratios Total $ Sales Ratios*
Revenues 100%
Variable Costs $ 952,088
Contribution Margin
Fixed Costs
Operating income
Income Tax
Net income

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