Pine company reported the following income statement under absorption costing for the year just ended.

Revenue	15,000,000
cost of good sold	11,500,000
gross margin	3,500,000
selling, general and administrative costs	3,000,000
income	500.000

You have asked supervisors to provide you with any additional information that they have. You received the following information in response

From the VP of administration: Fixed selling and administrative cost per unit=0.50

From the VP of manufacturing: Total fixed Manufacturing= 2,500,000

From the VP of finance: Contribution Margin Ratio = 30.00%

Use the information above to recast this income statement to a contribution margin format income statement under variable costing