4. Contribution Income Statement Picnic Time produces a picnic basket that is sold for $100 per unit. Assume the company produced and sold 4,000 baskets during July. There were no beginning or ending inventories. Variable and fixed costs follow. Variable Costs per Unit Fixed Costs per Month Manufacturing: Manufacturing overhead $36,000 Direct materials $25 Selling and administrative 68,000 Direct labor 15 Total $104,000 Manufacturing overhead 5 $45 Selling and administrative 4 Total $49 Prepare a contribution income statement for July. Please enter the correct amount into the blank in yellow. Show your calculations. Picnic Time Contribution Income Statement For the Month of July Sales Less: variable costs: Direct materials Direct labor Manufacturing overhead Selling and administrative Contribution Margin Less: fixed costs: Manufacturing overhead Selling and administrative Profit $ S