Janson Company prepares an income statement for financial accounting purposes using the traditional income statement format, as well as an income statement for managerial accounting purposes using the contribution margin format. Selected information from both income statement formats are as follows: Revenues $ 200,000 Cost of goods sold $ 40,000 Contribution margin ratio 50% Operating expenses $ 120,000 Fixed expenses $ 60,000 Using the contribution margin format, variable expenses are