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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.
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? (State this figure in a single dollar amount per snowboard.) Activate Windows 4. What would operating income be if only 1,500 snowboards were sold in a quarter? You can assume no change to fixed expenses will tivate occur if sales decline to 1,500 snowboards. (Hint: You don't need to prepare a new income statement to determine the answer.)
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