Required B part is to prepare a contribution margin income statement

Larcker Manufacturing's cost accountant has provided you with the following information for January operations. Direct materials Fixed manufacturing overhead costs -97 per unit Sales price 235 , 000 Variable manufacturing overbead- 190 per unit Direct labor 21 per unit Fixed marketing and administrative costs 26 per unit Units produced and sold 190, 000 Variable marketing and administrative costs 5, 000 7 per unit Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a gross margin income statement. Gross Margin Income Statement Units produced and sold 5,000 Sales revenue 950,000 Direct materials (185,000) Gross margin 295,000 Variable marketing and administrative costs (35,000) Fixed marketing and administrative costs 225,000 Operating profit 69 70,000