The following information is avaliable for Blare's snow cone stand:

Selling price per snow cone is $ 1.25

Cost of each snow cone $ 0.3

Rent Paid for the stand at a local flea market is $ 2,400 per year.

Insted of an hourly wage, Blaire's pays high school students $0.4 per snow cone sold.

Required:

Prepare a contribution income statement for 2016 assuming that 6,000 snow cones are sold