The management of Harlow 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 $245,000 Variable production expense $31,000 Fixed production expense $37,000 Variable selling expense $20,000 Fixed selling expense $28,000 Variable administrative expense $10,500 Fixed administrative expense $50,000 The company had no beginning or ending inventories. The gross margin for January was