J Coronado, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue Cost of goods sold Gross margin Operating expenses Selling expense $ 43,000 Administrative expense 70,000 Net operating income $ 1,440,000 320,000 1,120,000 113,000 $ 1,007,000 Coronado sells its coats for $450 each. Selling expenses consist of fixed costs plus a commission of $6.70 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 4.50% of sales. Prepare a contribution format income statement for January. (Round per unit cost to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e.g. 5,275.) Sales Revenue Variable Expenses Cost of Goods Sold Selling Expense Administrative Expense Total Variable Expenses: Contribution Margin Fixed Expenses Per Unit $ S O $ Selling Expense Administrative Expense Total Fixed Expenses Operating Income