Presented is information from Wanda's contribution income statement: Sales $85,000 Less variable costs: Manufacturing $30,000 Selling and administrative 10,000 (40,000) Contribution margin 45,000 Less fixed costs: Manufacturing 12,000 Selling and administrative 9,000 (21,000) Profit $24,000 With a functional income statement Wanda would have reported a gross margin of: Select one:

( )A. $45,000 ( )B. $66,000 ( )C. $24,000 ( )D. $43,000