Total $395,000 197,500 197,500 Fixed expenses 119,000 Net operating income $78,500 What is total contribution margin if sales volume increases by 20%? Variable expenses Contribution margin O $237,000 $62,800 Sales O $94,200 $197,500

E14.7

E14.2

Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?