please answer part 2 and 3

ezto theducation com r 18 Assignment Holt 5 The following costs result from the production and sale of 4,400 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $290 each. The company has a 25% income tax rate. $110,000 396,000 149,600 101,200 Variable production costs Plastic for casing Wages of assembly workers Drum stands Variable selling costs Sales commissions Fixed manufacturing costs Taxes on factory Factory maintenance Factory machinery depreciation Fixed selling and administrative costs Lease of equipment for sales staff Accounting staff salaries Administrative management salaries encies 14,000 28,300 88,000 28,000 78,000 158,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute its contribution margin per unit and its contribution margin ratio 3. For each dollar of sales, how much is left to cover fixed costs and contribute to operating income? NAN Prey 5 of 5 MP Chapter 18 Assignment 0 5 Complete this question by entering your answers in the tabs below. 20 points Required 1 Required 2 Required Compute its contribution margin per unit and its contribution margin ratio. (Round Contribution margin ratio to nerest whole percentage.) eBook Print TIGHT DRUMS COMPANY Contribution Margin Income Statement (partial) For Year Ended December 31, 2019 References Per Unit 5 290 Sales Variable costs Plastic for casing Wages of assembly workers Drum stands Sales commissions Total variable costs Contribution margin Nex