Presented is Jack Company's Contribution Income Statement:

JACK COMPANY

Contribution Income Statement

For the Month Ending January 31, 2017

Sales

$200,000

Less variable costs:

Direct materials

$50,000

Direct labor

20,000

Variable factory overhead

60,000

Variable S&A expenses

12,000

(142,000

)

Contribution margin

$ 58,000

Less fixed costs:

Factory overhead

$13,000

Fixed S&A expenses

12,000

(25,000

)

Net income

$ 33,000

With a functional income statement, Jack would have reported a gross margin of: