Oriole, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: Sales revenue 779,000 Cost of goods sold 334,500 Gross margin 444,500 Operating expenses $ 24,720 Selling expense Administrative expense 51,100 75,820 $ 368,680 Net operating income Oriole sells its coats for $250 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus variable component equal to 5% of sales. Your answer is partially correct. Try again Prepare a contribution format income statement for January. (Round per unit cost to 2 decimalplaces, e.g. 52.75 and all other answers to 0 decimal plac e.g. 5,275.) Per Unit Sales Revenue Variable Expenses x Sales Revenue x Contribution Margin Cost of Goods Sold Total Variable Expenses x Sales Revenue Fixed Expenses Administrative Expense Selling Expense Total Fixed Expenses Contribution Margin LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO Your answer is incorrect. Try again b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g Using the format y mx places, e.g. 5,275.) Operating expenses LINK TO TEXT LINK TO TEXT LINK TO VIDEO LINK TO VIDEO Your answer is incorrect. Try again If 3,100 coats are sold next month, what is the expected total contribution margin? (Round answer to 0 decimal pl Contribution margin $ x