Crane Computer Company, in addition to its retail sales, conducts night classes in computer technology. Crane has provided you the following information:

Number of students		122
Revenue per student		$500
Student-related variable costs		$120	per student
Salary for three instructors		$2,000	each
Administrative costs		$50	per student
Factory fixed costs		$15,200	per year

Construct a contribution margin format income statement.