Gonyo inc., which produces and sells a single product, has provided the following contribution format income statement for december appears below: sales (5,000 units) $ 330,000 variable expenses 150,000 contribution margin 180,000 fixed expenses 106,500 net operating income $ 73,500 required: redo the company's contribution format income statement assuming that the company sells 5,200 units.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.