Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry estimates the following costs for

Harry Company produces shoes. Harry plans to sell 29000 pairs of shoes at a selling price of $59 per unit over the next month. Harry estimates the following costs for the next month: Cost Formula COGS $28/pair Sales Commission 4% of sales Employees’ Salaries $87,000 per month Depreciation $300 per month Shipping $32,000 per month + $3/pair Presuming both use the same costing system, what is the difference between the net operating income calculated on traditional format income statement and that on a contribution format income statement for the next month (in dollars)?

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