A Business operates at 100% of its capacity during its first month and incurs the following costs:

Production costs (5,000 units)

Direct materials 70,000

Direct Labor 20,000

Variable factory overhead 10,000

Fixed factory overhead 2,000 = $102,000

Operating expenses :

Variable operating expenses 17,000

fixed operating expenses 1,000 = 18,000

If 1,000 units remain unsold at the end of the month and sales total 150,000 for the month what is the amount of the contribution margin that would be reported on the variable costing income statement