Giannini Inc., which produces and sells a single product, has provided the following contribution format income statement for March:

Required:

Redo the company's contribution format income statement assuming that the company sells 5,200 units.

Options are:

Admin. Expense, Advertising expense, Cash, Cost of Good Sold, Depreciation expense, fixed expenses, Insurance Expense, Salaries and commissions expense, Sales, Shipping expense, Variable expense, Net operating income, Net operating income (loss), Contribution margin, Contribution margin (loss).

Sales (5,e0e units) Variable expenses Contribution margin Fixed expenses Net operating income $315,0ee 150,e00 165,000 104,600 $ 60,400