Problem 21-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,100 drum sets manufactured by Tight Drums Company for the year ended December 31. The drum sets sell for $260 each. Variable costs Plastic for casing Wages of assembly workers Drum stands Fixed costs $ 77,900 344,400 114,800 Sales commissions 69,700 Taxes on factory 11,000 Factory maintenance 22,000 Factory machinery depreciation 82,000 Lease of equipment for sales staff 22,000 Accounting staff salaries 72,000 Administrative salaries 152,000 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? Answer is complete but not entirely correct. 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 : places.) For each dollar of sales, how much is left to cover fixed costs and contribute to income? $ 98,200.00 < Required 2 Required 3