A contribution format income statement for the most recent year for Big Bear Consumer Electronics Inc. is shown below.

Total Department AM/FM radios HD radios Sales $320,000 100% $270,000 100% $50,000 100% Less variable 236,000 74% 216,000 80% 20,000 40% expenses Contribution 84,000 26% 54,000 20% 30,000 60% Margin Less Traceable 15,000 5% 10,000 4% 5,000 10% Fixed Expenses Segment Margin 69,000 22% $44.000 16% $25.000 50% Less Common 40,000 13% Fixed Expenses Net Operating $29,000 9% Income