The management of Clyatt Corporation, a manufacturing company, would like your help in contrasting the traditional and contribution approaches to the income statement. The company has provided the following financial data for August: Sales. $280,000 $32,000 $48,000 Variable production expense. Fixed production expense... Vanable selling expense.... Fixed selling expense... $22,000 $37,000 Variable administrative expense. $39,000 Fixed administrative expense.. $60,000 The company had no beginning or ending inventories. The gross margin for August was: $187,000 $135,000 $200,000 $42,000