Sandys Socks makes the worlds best socks. Sandy performed a least-squares regression of the information for the last eight months and obtained the following results.

Month	Number of Socks Produced	Total Cost
January	8,000	7,000
February	4,500	5,000
March	7,000	6,250
April	8,600	7,750
May	3,750	5,000
June	6,000	6,250
July	3,000	4,250
August	5,000	5,750

Sandy performed a least-squares regression and obtained the following results.

Coefficients
Intercept	2718.59
x Variable 1	0.56

Suppose that Sandys expects to sell 4,000 socks during the month of September and that each sock sells for $2.75.

Complete Sandys contribution margin income statement for the month of September. (Round your answers to 2 decimal places.)

SANDYS SOCKS
Contribution Margin Income Statement
Month of September
Sales Revenue	$11,000.00
Total Variable Costs	2,240.00
Contribution Margin	$8,760.00
Total Fixed Costs
Net Operating Income