Exercise $2-57($Algo$)$ Gross Margin and Contribution Margin Income Statements $($LO $2-7)$

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

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

Required:

a$.$ Prepare a gross margin income statement.

b$.$ Prepare a contribution margin income statement.

$59,500$

$$376,600$

$95,900$

$48,300$

$24,500$

$62,300$

$20,200$

$47,400$

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Prepare a gross margin income statement.