please show work and do in same format.

Polarix is a retailer of ATVs (all-terrain vehicles and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $4,200 each. Variable selling expenses are $260 per ATV. The remaining selling expenses are fixed Administrative expenses are 50% variable and 50% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1.870 each POLARIX Yncona Statenent-consumer ATV Department Pon Year Ended December 31 Balon S609.000 Coat of goods wold 271150 aronn margin 332.850 Operating expenses ng expenses $100,000 Administrative expenses 41,300 221,300 Net non $116.550 Required: 1. Prepare an income statement for the current year using the contribution margin format. (Do not round itermediate calculations. Round contribution margin per ATV value to the nearest whole number) cos POLARIX Income Statement Consumer ATV Department For Year Ended December 31 a