When completing this requirement, use the sales price computed in Requirement a$.$ Use the contribution margin format to prepare an income statement based on historical cost data. Prepare a second income statement that reflects the relevant cost data that Master Toy should consider in a segment elimination decision.

Note: Amounts to be deducted and losses should be entered as negative values.

Statement Historical Cost data Relevant Cost Data

Revenue

Less variable costs

Unit$-$level materials costs

Unit$-$level labor costs

Unit$-$level overhead costs

Contribution margin

Depreciation costs of manufacturing equipment

Opportunity cost

Other manufacturing overhead cost

Inventory holding costs

Allocated facility$-$level administrative costs

Net loss

Contribution to Master Toy profitability

$*$

Need answers for Highlighted bold statement Revenue, Contribution margin and Contribution to Master Toy profitability.