Crazy Canucks is a small, family-owned retailer specializing in alpine ski and snowboard equipment located in Sguamish, B.C. Anincome statement for the ski department's most recent month is shown bealow. CRATY CAMUCKSIncome Statement—Crazy CanucksFor the Month Ended January 31 Sales £ 345,000Cost of goods sold 207,008Gross margin 13E, 008Selling and administrative expenses:Selling expenses 60, 008Administrative eXpenses 23,008 0z, 008 Operating income $ 46,008 Skis sall, on average, for $1,500 per pair. Variable selling expenses are $180 per pair of skis sold. The remaining selling expenses arafixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from sewvearal suppliers at anaverage cost of 3900 per pair. Required: 1. Prepare an income statement for the manth using the contribution approach. 2. Far every pair of skis sold during January, what was the contribution toward cowering fixed expensas and toward earning profits? e 3. What would the total contribution margin be in a month where 180 pairs of skis were sold?