ABC Company' had the following income statement data for 2017 Sales revenue $1,000,000 Cost of goods sold 780,000 Gross profit 220,000 Selling & administrative expenses 175.000 Income from operations 45,000 that 30% e An analysis f costs f BC's conte in formos , goods sold and 52% of selling and administrative expenses are variable costs; the balance is fixed. Based on this information, what is the contribution margin that would be presented on income statement? ibution for $780,000 S675,000 $370,000 $220,000