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

Fixed manufacturing costs	$448,000
Fixed marketing costs	$172,000
Fixed administrative costs	$72,000

The company also had the following variable costs:

Variable manufacturing costs	$568,000
Variable marketing costs	$148,000
Variable administrative costs	$112,000

During the year, the company produced and sold 240,000 units of the product at a selling price of $28.00 per unit. The company had no inventory at the beginning of the year.

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