During the past year, Pettay Enterprises had the following fixed costs:

Fixed manufacturing costs	$224,000
Fixed marketing costs	$86,000
Fixed administrative costs	$36,000

The company also had the following variable costs:

Variable manufacturing costs	$284,000
Variable marketing costs	$74,000
Variable administrative costs	$56,000

During the year, the company produced and sold 1200,000 units of the product at a selling price of $14.00 per unit. The company had no inventory at the beginning of the year.

Required: Prepare a contribution margin income statement for the year.