Course Fund X Log in to Shox Connect 3 Connect 3 Correct ezto meducation.com/exmap/index.html?con conexternal browser Olunchures 5252newconnect theducation.com X 6 exercises classwork Help Seve Sub Check my won Exercise 6-8 Contribution margin format income statement LO P2 600 Polarix is a retailer of ATVs (all-terrain vehicles and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVS sell for $3,800 each. Variable selling expenses are $270 per ATV. The remaining selling expenses are feed Administrative expenses are 40% variable and 60% fred. The company does not manufacture its own ATV, it purchases them from a supplier for $1830 each POLARTX Income Statement-consumer ATV Departe Tor Year Ended December 31, 2017 Sales $646.000 Coat of goods sold 111100 Gross margin 334.900 Operating expenses Selling expenses $135,000 Administrative expectes 124.99 et non $140.400 nces Required: 1. Prepare an income statement for this current year using the contribution margin format do not round Intermediate calculations Round contribution margin per ATV value to the nearest whole number.) POLARI Income Statement Consumer ATV Department For Year Ended December 11, 2017 Macbook *** da DU RO 73 28 FB 2 - + # 3 $ 4 & 7 6 8 9 0 5 0 Y 1 E P U W T R H J G L F D S B 1 N M Net income $140,400 Required: 1. Prepare an income statement for this current year using the contribution margin format. (Do not round in Round contribution margin per ATV value to the nearest whole number) POLARIX Income Statement - Consumer ATV Department For Year Ended December 31, 2017 0 Net Income (los) MacBook *** 80 DDD DOO Fd .. 16 FS o F7 DI DD 99 % * # 3 4 5 & 7 6 8 C 9 E R T Y U