Prepare a contribution margin income statement

Below is your division's income statement and other relevant information for the current year: GAAP Income Statement Other Relevant Information Revenue $ 250,000 Fixed Mfg OH costs $22,000 Cost of Goods Sold 125,000 Variable Mfg OH $0 Gross Margin 125,000 Fixed Admin costs $45,000 Administrative Costs 45,000 Variable selling costs 3% of revenues Selling Costs 55,000 Detail on data in the GAAP income statement Profit $ 25,000 A. (18 points) Prepare an income statement in the space below for your division using the contribution margin format