Assume University Athletic Carla Vista Club sells T-shirts for $31 and anticipates selling 7,000 shirts during football season. The club purchases the shirts from a local dealer for $24.50. Budgeted fixed costs of $38,000 are made up of $4,000 of selling expense and the remainder is $18,000 administrative expense. The selling expenses include a sales commission of $0.25 per shirt. All other selling costs are fixed. Prepare an income statement in the contribution margin format