Simon Corporation has provided the following cost data for last year when 100,000 units were produced and sold:

Raw materials	$200,000
Direct labor	100,000
Manufacturing overhead	200,000
Selling and administrative expense	150,000

All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense.

If the selling price is $10 per unit, what is the net operating income from producing and selling 120,000 units using the contribution income statement format?