Nikkel Corporation, a merchandising company, reported the following results for July:

Sales	$467,000
Cost of goods sold (all variable)	$173,200
Total variable selling expense	$19,500
Total fixed selling expense	$17,500
Total variable administrative expense	$10,100
Total fixed administrative expense	$34,000

The contribution margin for July is:

$264,200

$293,800

$212,700

$415,500