Engine Ltd manufactures engines for speed boats. Its popular engine called 'ignite' is currently under review. Cost and revenue data, based on sales of 5,000 units, is given below: The cost of goods sold consists of $1 000 000 variable expense with the balance being fixed. Selling and administration expense consists of $250 000 variable expense with the balance being fixed. Required: a) Restate the above income statement using the contribution income statement format