Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 29,100 games last year at a selling price of $66 per game. Fixed expenses associated with the game total $485,000 per year, and variable expenses are $46 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor.
Required: 1-a. Prepare a contribution format income statement for the game last year