High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plants operation:

Beginning inventory		0
Units produced		49,000
Units sold		44,000
Selling price per unit	$	75
Selling and administrative expenses:
Variable per unit	$	2
Fixed (per month)	$	561,000
Manufacturing costs:
Direct materials cost per unit	$	15
Direct labor cost per unit	$	9
Variable manufacturing overhead cost per unit	$	1
Fixed manufacturing overhead cost (per month)	$	784,000

Prepare a contribution format income statement for May.