The following is Starfish Corporation's contribution format income statement for December 2023:

Sales	$1,000,000
Less: Variable expenses	300,000
Contribution margin	800,000
Less: Fixed expenses	400,000
Before-tax profits	$400,000

The company had no beginning or ending inventories. The company produced and sold 10,000 units in December 2023.

Required:

1. Assuming no change in either the cost structure or the average selling price, prepare a contribution format income statement for January, 2024 assuming production and sales of 7,500 units for Starfish Corporation.