Tesla, Inc. had the following income statement for last period:

Sales	$27,000
Cost of Sales (manufacturing)	11,000
Selling and General Administrative	2,000
Net Income	$14,000

If costs of sales was 70% variable and 30% fixed, and Selling and General Expense was 65% variable and 35% fixed.

Required:

A. Prepare a contribution format income statement.

B. Calculate its contribution margin percentage.