Data from The William Company for 2008 is as follows: Sales $20/unit Variable cost of goods sold ?? Fixed manufacturing overhead $92,000 Variable selling & administrative ?? Fixed selling & administrative $103,000 The company produced 148,000 units during the year and sold 120,000 units. Variable production costs and fixed costs have remained constant all year. Net income for the year was $900,000. What was the company's contribution margin? Answer $2,205,000 $1,305,000 $1,003,000 $1,095,000