The University Store, Inc. is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below:

University Store, Inc.
Income Statement
For the Quarter Ended March 31
Sales			$	800,000
Cost of goods sold				560,000
Gross margin				240,000
Selling and administrative expenses
Selling	$	100,000
Administrative		110,000		210,000
Net operating income			$	30,000

On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.

If 25,000 books are sold during the second quarter and this activity is within the relevant range, the company's expected contribution margin would be: