The following information is available for Blaire’s Snow Cone Stand for 2004:

• Selling price per snow cone is $1.25.

• Cost of each snow cone is $0.30.

• Rent paid for the stand at a local flea market is $2,400 per year.

• Instead of an hourly wage, Blaire’s pays high school students $0.40 per snow cone sold.

Required: Prepare a contribution income statement for 2004 assuming that 6,000 snow cones are sold.