J Concord, Ltd$.$ is a local coat retailer. The store's accountant prepared the following income statement for the month ended January $31$:

Sales revenue

$$763,000$

Cost of goods sold

Gross margin

$\frac{549,360}{213,640}$

Operating expenses

Selling expense

$$24,260$

Administrative expense

$50,560$

Concord sells its coats for $$250$ each. Selling expenses consist of fixed costs plus a commission of $$6\mathrm{.}50$ per coat. Administrative expenses consist of fixed costs plus a variable component equal to $5\%$ of sales.

$($a$)$

Prepare a contribution format income statement for January. $($Round per unit cost to $2$ decimal places, eg$.52\mathrm{.}75$ and all other answers to $0$

decimal places, e$.$g$.5,275.)$

Prepare a contribution format income statement for January. $($Round per unit cost to $2$ decimal places, e$.$g$.52\mathrm{.}75$ and all other answers to $0$ decimal places, e$.$g$.5,275.)$