The management of Get a Clue 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 January:

Sales $240,000 Variable production expense $35,000 Fixed production expense $39,000 Variable selling expense $19,000 Fixed selling expense $37,000 Variable administrative expense $14,000 Fixed administrative expense $54,000

The company had no beginning or ending inventories.

The total contribution margin for January was: ________________________

The gross margin for January was: ________________________________

The Cost of Goods sold for January was: __________________________

Total Period Expenses for January were: ____________________________