The income statement for the RUN-31621 company, an atletic shoe retailer, for the first quarter of the year is presented below:

RUN-31621
Income Statement
Sales			$	140,000
Cost of goods sold				50,000
Gross margin				90,000
Selling and administrative expenses
Selling	$	41,000
Administration		25,800		66,800
Net operating income			$	23,200

On average, an athletic shoe sells for $70. Variable selling expenses are $13 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 7% of sales with the remainder being fixed.

How much is the total contribution margin for RUN-31621 for the first quarter?

Multiple Choice

• $130,200

• $114,000

• $54,200

• $104,200