Present the following information for the Hardware Division of ABC Computer Company, using the contribution margin format, excluding indirect fixed expenses:

B. Indirect Expenses Not Allocated to Segments Segment Segment A B Total Sales $2,500,000 $1,500,000 $4,000,000 Less: Variable expenses 700,000 650,000 1,350,000 Contribution margin $1,800,000 $ 850,000 $2,650,000 Less: Direct fixed expenses 450,000 550,000 1,000,000 Contribution to indirect expenses $1,350,000 $ 300,000 $1,650,000 Less: Indirect fixed expenses 600,000 Net income $1,050,000 Exhibit 24.5 Contribution Margin Format Income StatementSales $1,400,000 Variable selling and administrative expenses 100,000 Fixed direct manufacturing expenses 35,000 Fixed indirect manufacturing expenses 56,000 Variable manufacturing expenses 400,000 Fixed direct selling and administrative expenses 175,000 Fixed indirect selling and administrative expenses 28,000