The Pharoah Company sells sports decals that can be personalized with a players name, team name, and jersey number for $19each. Pharoah buys the decals from a supplier for $12 each and spends an additional $3 in variable operating costs per decal. The results of last months operations are as follows:

Sales revenue		$	47,500
Cost of goods sold			30,000
Gross profit			17,500
Operating expense			8,000
Operating income		$	9,500

Prepare a contribution format income statement for the Pharoah Company.

						Per Unit
select an income statement item Sales RevenueFixed Operating ExpensesTotal Variable ExpensesContribution MarginCost of Goods SoldOperating ExpensesOperating IncomeVariable Expenses				$enter a dollar amount		$enter a dollar amount
select an opening section name Contribution MarginVariable ExpensesSales RevenueOperating ExpensesFixed Operating ExpensesTotal Variable ExpensesOperating IncomeCost of Goods Sold:
select an income statement item Contribution MarginTotal Variable ExpensesSales RevenueOperating ExpensesCost of Goods SoldFixed Operating ExpensesVariable ExpensesOperating Income		$enter a dollar amount				enter a dollar amount
select an income statement item Fixed Operating ExpensesVariable ExpensesTotal Variable ExpensesOperating IncomeSales RevenueCost of Goods SoldContribution MarginOperating Expenses		enter a dollar amount				enter a dollar amount
select a closing section name Sales RevenueCost of Goods SoldContribution MarginTotal Variable ExpensesOperating ExpensesFixed Operating ExpensesVariable ExpensesOperating Income				enter the total closing section amount		enter the total closing section amount per unit
select a summarizing line for the first part Sales RevenueCost of Goods SoldTotal Variable ExpensesOperating IncomeVariable ExpensesContribution MarginFixed Operating ExpensesOperating Expenses				enter a dollar amount		$enter a dollar amount
select an income statement item Sales RevenueContribution MarginFixed Operating ExpensesOperating IncomeOperating ExpensesTotal Variable ExpensesVariable ExpensesCost of Goods Sold				enter a dollar amount
select a closing name for this statement Operating ExpensesTotal Variable ExpensesContribution MarginOperating IncomeCost of Goods SoldVariable ExpensesSales RevenueFixed Operating Expenses				$enter the total closing amount for this statement