Fletcher Corporation prepared the following income statement for the fourth quarter in 2018.

Sales revenue (31,400 units)	$	937,000
Less: Costs of goods sold		590,100
Gross margin		346,900
Less: Selling & administrative expenses		186,000
Net income	$	160,900

Fletchers annual fixed manufacturing expenses, incurred uniformly each quarter, amount to $837,900; it also pays a sales commission of $3 per unit to its sales personnel.

Required:

Prepare a contribution margin income statement for the third quarter in 2018. (Round "Per-unit dollars" to 2 decimal places and "Percentages of sales" to 1 decimal place.)

Fetcher Corportation

Contribution Margin Income Statement

For the third quarter in 2018

Less: Variable Costs

Less: Fixed cost