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2. Prepare a contribution format income statement for the quarter ended December 31. Winter Leisure Contribution Format Income Statement 10 Quarter ended December 31 points Variable expenses: X 02:58:37 Fixed expenses: 3. What was the contribution toward fixed expenses and profits for each snowboard sold during the q round intermediate calculations. Round your final answer to nearest whole dollar.) Contribution per snowboard Mc Graw Prey. 1 of 28 Next > Hill : 0 JUN 174. What would operating income be if only 3,500 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 3,500 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Prey. 1 of 28 Next > JUN N tv A 17 MacBook ProWinter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Total sales revenue Amount Selling price per snowboard $1,600,000 400 Variable selling expense per snowboard 40 10 Variable administrative expense per snowboard 10 points Total fixed selling expense 480,000 Total fixed administrative expense 450,000 Merchandise inventory, beginning balance $ 100,000 8 02:59:28 Merchandise inventory, ending balance $ 120,000 Merchandise purchases S 360,000 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Winter Leisure Traditional Income Statement Quarter ended December 31 Selling and administrative expenses: Next > Mc Prey. 1 of 28 Graw Hill