$\backslash$table$[[\backslash$table$[[$Thalassines Kataskeves, S$.$A$.],[$Income Statement$-$Bilge Pump$],[$For the Quarter Ended March $31]],,,],[$Sales$,,$$$,460,000],[$Variable expenses:,,,$],[$Variable manufacturing expenses,$$125,000,,],[$Sales commissions,$54,000,,],[$Shipping$,12,000,,],[$Total variable expenses,,,$191,000],[$Contribution margin,,,$269,000],[$Fixed expenses:,,,$],[$Advertising $($for the bilge pump product line$),27,000,,],[$Depreciation of equipment $($no resale value$),114,000,,],[$General factory overhead,$41,{000}^{**},,],[$Salary of product$-$line manager,$126,000,,],[$Insurance on inventories,$8,000,,],[$Purchasing department,$45,{000}^{},,],[$Total fixed expenses,,,$361,000],[$Net operating loss,,$$,(92,000)$