Crazy Canucks is a small, family-owned retailer specializing in alpine ski and snowboard equipment located in Squamis income statement for the ski department's most recent month is shown below. CRAZY CANUCKS Income Statement-Crazy Canucks For the Month Ended January 31 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Operating income $348,000 208,800 139,200 $69,600 23,200 92,800 $ 46,400 Skis sell, on average, for $1,500 per pair. Variable selling expenses are $182 per pair of skis sold. The remaining selling ex fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers average cost of $900 per pair. Required: 1. Prepare an income statement for the month using the contribution approach. Answer is complete but not entirely correct. Crazy Canucks Income Statement-Crazy Canucks