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

Sales $(5,000$ units$)$ $ $325,000$

Variable expenses $200,000$

Contribution margin $125,000$

Fixed expenses $104,800$

Net operating income $ $20,200$

Required:

Redo the company's contribution format income statement assuming that the company sells $5,200$ units. $($Do not round intermediate calculations.$)$