Assume Jacob Garzon sales his photographs for $20 each and incurs the variable expenses per photograph shown below.

Cost of goods sold	6.00
Salaries and wages expense	2.00
Postage expense	1.50

Assume his fixed expenses are as follows:

Cost of goods sold	$4,000
Advertising	$ 600
Salaries and wages expense	$10,000
Insurance expense	$1,500
Depreciation expense	$1,300

Prepare a contribution format income statement assuming Jacob sells 4,000 photographs. You can prepare the income statement in WORD or EXCEL.