Bolton Publications, Inc. produces and sells business books. The results of the company's operations for the year ended December 31, 20x1, are given below.

Sales Revenue	$	508,000
Cost of goods sold (manufacturing costs):
Fixed		145,000
Variable		218,000
Selling costs:
Fixed		19,000
Variable		33,500
Administrative costs:
Fixed		33,000
Variable		10,500

Required: A. Prepare a traditional income statement for the company. B. Prepare a contribution income statement for the company.