Problem 5-2A (Algo) Contribution margin income statement and contribution margin ratio LO A1 12.5 The following costs result from the production and sale of 4.050 drum sets manustactured by Tight Drums Company for the year ended December 31. The drum sets sell for $255 each Pro References Variable costs plastie for casing Wages of assembly workers $72.900 Dron standa 335,150 sales commissions 10.50 45,00 Gosts Tee on factory 19.500 Pactory maintenance 21,000 Factory machinery depreciation 31.000 Lease of equipment for sales statt 22.000 Accounting starf salaries 71.000 Administrative salaries 151,000 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 Required 2 Required Prepare a contribution margin income statement for the year Rrou 125 Doints id cost Taxes on factory 10.500 Factory and 21.000 Factory machinery depreciation 01.000 Lease of equipment for sales starr 21.000 Accounting state salaries 11.000 Administrative salaries 151.000 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 fored costs and contribute to income Book References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required For each dottor 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 shies, how much is left to cover fixed costs and contribute to incomu?