1 Sales 2 Variable costs: 3 Manufacturing expense Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 20Y7 $254,400.00 $424,000.00 4 Selling expense 5 Administrative expense 6 Contribution margin 21,200.00 63,600.00 339,200.00 $84,800.00 7 Fixed costs: Manufacturing expense $5,000.00 Selling expense 4,000.00 10 Administrative expense 12,200.00 21,200.00 11 Income from operations $63,600.00