11) An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. (Round your intermediate calculations to 2 decimal places.) 1. How many units did the company sell during the first quarter ended March 31? (2pts) 900,000/50=18.000 2. What were cost of goods sold per unit during the first quarter ended March 31?(2pts)0 900,000/504=72,000 3. If 20,000 books are sold during the SECOND quarter and this activity is within the, relevant range, what would the company's expected contribution margin be? (6nts) 96