A business operated at 100% of capacity during its first month, with the following results:

Sales (96 units)		$480,000
Production costs (120 units):
Direct materials	$60,000
Direct labor	15,000
Variable factory overhead	27,000
Fixed factory overhead	24,000	126,000
Operating expenses:
Variable operating expenses	$5,160
Fixed operating expenses	3,080	8,240

The amount of contribution margin that would be reported on the variable costing income statement is