Petersen Company has provided the following data for the third quarter of the current calendar year: Sales Fixed manufacturing overhead Direct labour Fixed selling expenses $300,000 $55,000 $72,500 $46,250 $41,000 $48,000 $51,500 $44,500 $49,750 - Variable manufacturing overhead - Variable administrative expenses Direct materials Fixed administrative expenses - Variable selling expenses Assume that direct labour is a variable cost and there were no beginning or ending inventories. Required: Prepare a Contribution Format Income Statement, neatly presented, in good form