Presented is Jack Companys 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:

	A.	$33,000
	B.	$57,000
	C.	$58,000
	D.	$70,000