please help

nces Problem 18-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,550 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $305 each. Variable costs Plastic for casing $ 127,400 Wases of assembly workers 423,150 Drum stands 168,350 Sales commissions 118,300 Taxes on factory 9,500 Factory maintenance 19,000 Factory machinery depreciation 79,000 Lease of equipment for sales staff 19,000 Accounting staff salaries 69,000 Administrative salaries 149,000 Required: 1. Prepare a contribution margin income statement for the year. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution margin income statement for the year. TIGHT DRUMS COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Fixed costs $ 1,387,000 nces Complete this question by entering your answers in the tabs below. Required 1. Required 2 Required 3 Prepare a contribution margin income statement for the year. TIGHT DRUMS COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs: $ Plastic for casing Wages of assembly workers Drum stands Sales commissions Contribution margin Fixed costs Taxes on factory Factory maintenance Factory machinery depreciation Lease of equipment for sales staff Accounting staff salaries Administrative salaries Income 127,400 423,150 168,350 118,300 9,500 19,000 79,000 19,000 69,000 149,000 $ 1,387,000 837,200 549,800 344,500 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute contribution margin per unit and contribution margin ratio. (Round Contribution margin ratio to nearest whole percentage.) TIGHT DRUMS COMPANY Contribution Martin Income Statement (partial) For Year Ended December 31 Per Unit Sales Variable costs: Total variable costs Contribution margin Required: 1. Prepare a contribution margin income statement for the year.. 2. Compute contribution margin per unit and contribution margin ratio. 3. For each dollar of sales, how much is left to cover fixed costs and contribute to income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For each dollar of sales, how much is left to cover fixed costs and contribute to income? (Round your answer to 2 decimal places.) For each dollar of sales, how much is left to cover fixed costs and contribute to income?