Contribution Income Statement and Operating Leverage Stateline Berry Farm harvests early-season blueberries for shipment throughout Michigan and Illinois in July. The strawberry farm is maintained by a permanent staff of 10 employees and seasonal workers who pick and pack the blueberries. The blueberries are sold in crates containing 100 individually packaged one-quart containers. Affixed to each one-quart container is the distinctive Stateline Berry Farm logo inviting buyers to "Enjoy the berry best blueberries in the world!" The selling price is $90 per crate, variable costs are $80 per crate, and fixed costs are $280,000 per year. In the year 2017, Stateline Berry Farm sold 50,000 crates. (a) Prepare a contribution income statement for the year ended December 31, 2017. HINT: Use a negative sign with both "costs" answers.

STATELINE BERRY FARM Contribution Income Statement For the Year Ended December 31, 2017
Sales	$Answer
Variable costs	Answer
Contribution margin	Answer
Fixed costs	Answer
Net income	$Answer