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The Crane Company sells sports decals that can be personalized with a players name, team name, and jersey number for $20 each. Crane buys the

The Crane Company sells sports decals that can be personalized with a players name, team name, and jersey number for $20 each. Crane buys the decals from a supplier for $6 each and spends an additional $1 in variable operating costs per decal. The results of last months operations are as follows:

Sales revenue

$ 19,000

Cost of goods sold

3,861

Gross profit

15,139

Operating expense

2,818

Operating income

$ 12,321

Prepare a contribution format income statement for the Crane Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, 5,725.)

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