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John pulled together the following annual revenue and cost information for his small business: total variable costs $ 8 , 7 0 0 , total

John pulled together the following annual revenue and cost information for his small business: total variable costs $8,700, total COGS $6,100, total revenues $20,000, total fixed costs $3,200, and total SG&A $5,800.
Determine the contribution margin, gross margin, and operating income for John for the year.

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