Convert the 4th quarter traditional income statement in Appendix A to a 4th quarter Contribution Margin Income Statement.

Appendix A Smith Company Income Statement For the fourth quarter ending December 31, 2021 Sales in units October 6,000 November 6,500 December 7,000 Total 19,500 Sales Cost of Goods Sold Gross Margin $ 900,000 $ 360,000 $ 540,000 $ 975,000 $1,050,000 $2,925,000 390,000 420,000 1,170,000 585,000 S 630,000 $1,755,000 Selling and Administrative Expenses Advertising expense Maintenance expense Rent expense Shipping expense Depreciation Expense Salaries and Commission Total Selling and Administrative Expenses 5,000 135,000 10,000 12,000 8,000 180,000 350,000 5,000 137,000 10,000 13,000 8,000 191,000 364,000 5,000 15,000 139,000 411,000 10,000 30,000 14,000 39,000 8,000 24,000 202,000 573,000 378,000 1,092,000 Operating Income S 190,000 $ 221,000 5 252,000 5 663,000