Home Health manufacturers and sells CPAP machines for $250 each. The company experienced the following costs to produce 400 machines during the year:

Direct materials $50.00/unit

Direct labor $40.00/unit

Variable manufacturing overhead $25.00/unit

Fixed manufacturing overhead $13,000

Additional costs incurred by the company for the year follow:

Fixed selling costs $5,000

Fixed administrative costs $8,000

Variable selling costs $21.50/unit

During the year, the company sold all 400 units. How much will appear on the companys income statement as contribution margin?