Gross Margin and Contribution Margin Income Statements

Tosca Beverages Reports the following information for July:

Units produced and sold 18,800.00
Per unit revenue and costs:
Sales revenue $3.20
Direct material costs 0.20
Direct labor costs 0.16
Variable manufacturing overhead 0.06
Fixed manufacturing overhead based
on a volume of 18,000 unites 0.92
Variable marketing and administrative costs 0.48
Fixed marketing and administrative costs
based on a volume of 18,000 unites 1.00

Required:

Prepare:

A. A gross margin income statement

B. A contribution margin income statement