Problem #1 Ben's Busiate Corp. has provided you with the following annual information regarding operating revenue and costs: Sales Revenue 13,200,000 Fixed Variable Variable costs as a % of sales 36.00% a b 1,188,000 Total Cost 6,063,000 1,310,000 f h d Expenses Compensation costs Utilities Advertising Insurance Supplies Professional fees Other SG&A expenses e g 5.00% 2.00% j i 272,000 192,000 64,000 992,334 92,400 k 64,000 1,784,334 m Required: a. FILL the values for a -->n b Prepare an income statement using the contribution margin format assuming a tax rate of 40%