An income statement for Totomoto Corp. for the first quarter of the year is presented bolow: On average, a book sells for $60. Varlable seling expenses are 55 per book with the remaining seling expenses being ficed the voriable adimintstrative expenses are 3x of sales whi the remainder being foxed. The contribution margin for Totomoto Corp. for the frst quarter is: Muitiole Choice $790000 $737000 On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales wh the remainder being fored. The contribution margin for Totomoto Corp. for the first quarter is: Multiple Choice $798,000 $737,000 $100,000 $163,000