The Central Perk Company is a merchandising firm that sells a single product. The company's revenues and expenses for a given month are as follows: Central Perk Company Income Statement For the Month Ended July 31, 2021 $ 635,000 394,000 241 000 Sales Cost of goods sold Gross Margin Operating expenses Administrative expenses Selling expenses Total operating expenses Operating income 53,500 151,000 204 500 $ 36,500 The product sells for $25 each, and it is purchased at an average cost of $13 each Variable selling expenses are $5 per unit, with remainder being fixed, the administrative expenses are 35% variable and the remainder fixed Required: Complete the contribution format income statement, in good form, for the month ended July 31, 2021. (8 marks)