1. Prepare a traditional income statement for the quarter ended December 31.

2. Prepare a contribution format income statement for the quarter ended December 31.

3. What was the contribution toward fixed expenses and profits for each snowboard sold during the quarter? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

4. What would operating income be if only 2,200 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2,200 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Total sales revenue Selling price per snowboard Variable selling expense per snowboard Variable administrative expense per snowboard Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases V V V V V V V V Amount $1,269,000 $ 470 $ 45 $ 15 $ 340,000 $ 310,000 $ 87,000 $ 107,000 $ 344,000