View Policies Current Attempt in Progress A 1 2 3 B Universal Sports Exchange Income Statement C D E for the 52 weeks ended January 30, 2021 4 5 6 Sales $1,620,000 Per Unit $ 30.00 Ratio 100% 7 Less: variable expenses 8 Cost of goods sold $1,188,000 22.00 73% 9 Sales commissions 81,000 1.50 5% 10 Tags 27,000 0.50 2% 11 Total variable expenses 1,296,000 24.00 80% 12 Contribution margin 324,000 $ 6.00 20% 13 Less: fixed expenses 14 Selling 145,000 15 Administrative 95,000 16 Total fixed expenses 240,000 $ 84,000 17 Operating income Answer the following questions. (a)