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Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry

Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry estimates the following costs for the next month:

Cost Formula
COGS $28/pair
Sales Commission 4% of sales
Employees' Salaries $87,000 per month
Depreciation $300 per month
Shipping $32,000 per month + $3/pair

Presuming both use the same costing system, what is the difference between the net operating income calculated on traditional format income statement and that on a contribution format income statement for the next month (in dollars)?

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