I'm not sure how to come up with the missing numbers . Exercise 2-14Complete each of the following contribution format income statements by supplying the missing numbers.  a. b. c. d.Sales revenue $  $497,108 $  $613,716Variable expenses 218,584   101,608  Contribution margin 120,020 166,128   402,512Fixed expenses   91,288 133,600  Operating income 22,674      Income taxes   22,452 25,168 64,786Net income $15,872 $  $75,504 $194,358  Click if you would like to Show Work for this question:Open Show Work

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Asked Apr 12, 2019
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I'm not sure how to come up with the missing numbers . 

Exercise 2-14

Complete each of the following contribution format income statements by supplying the missing numbers.

   
a.
 
b.
 
c.
 
d.
Sales revenue   $
 
  $497,108   $
 
  $613,716
Variable expenses   218,584  
 
  101,608  
 
Contribution margin   120,020   166,128  
 
  402,512
Fixed expenses  
 
  91,288   133,600  
 
Operating income   22,674  
 
 
 
 
 
Income taxes  
 
  22,452   25,168   64,786
Net income   $15,872   $
 
  $75,504   $194,358
 

 

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Step 1

Contribution format income statement

Contribution format income statement highlights the cost behavior as a variable cost and fixed costs. It also shows the contribution margin of the company. This statement is for the internal use of the company, hence the format of this statement may vary upon the need of the business.

Step 2

Calculate missing numbers of contribution format income statement for a.

 

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Step 3

Calculate missing numbers of contributio...

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