The contribution format income statement for Huerra Company for last year is given below: Total Sales Variable expenses Unit $1,008,000 $50.40 604,800 30.24 Contribution margin Fixed e 403,200 20.16 321,200 16.06 xpenses 4.10 32800 1.64 82,000 Net operating income Income taxes @ 40% Net income $ 49,200 $ 2.46 The company had average operating assets of $510,000 during the year