Crazy Canucks is a small, family$-$owned retailer specializing in alpine ski and snowboard equipment located in Squamish, B$.$C$.$ An

income statement for the ski department's most recent month is shown below.

Skis sell, on average, for $$1,500$ per pair. Variable selling expenses are $$174$ per pair of skis sold. The remaining selling expenses are

fixed. The administrative expenses are $20\%$ variable and $80\%$ fixed. The company purchases its skis from several suppliers at an

average cost of $$900$ per pair.

Required:

Prepare an income statement for the month using the contribution approach.