"I'll never understand this accounting stuff" Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11.615! How can lever make plans if I can't predict my income? I'm going to give Janice one last chance to explain this to me," he declared as he picked up the phone to call Janice Miller, his accountant. "Will you try to explain this operating income thing to me one more time?" Blake asked Janice "After I saw last month's income statement, I thought each mascot we sold generated $3.28 in net income; now this month, each one generates $3,871 There was no change in the cost we paid for each mascot, so I don't understand how this happened. If I had known I was going to have $11.615 in operating income, I would have looked more seriously at adding to our product line Taking a deep breath, Janice replied, "Sure, Blake. I'd be happy to explain how you made so much more operating income than you were expecting" Using the following income statements, prepare a contribution margin income statement for March. (Round per unit answers to 2 decimal places, eg. 52.75.) February March Sales revenue $25,000 $37.500 Cost of goods sold 10,000 15,000 Gross profit 15,000 22.500 1,500 1,500 Rent expense 3,500 5,000 Wages expense 1.100 1,650 Shipping expense 750 750 Utilities expense 1,000 1.400 Advertising expense 585 585 Insurance expense $11,615 $6,565 Operating income Perunit Total Total Per unit $ $ JAN