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. CRAZY CANUCKS Income Statement-Crazy Canucks For the Month Ended January 31 Sales $351,000 Cost of goods sold 210.600 Gross margin 140,400 Selling and administrative expenses Selling expenses $70,200 Administrative expenses 23,400 93,600 Operating income 8.46,800 Skls sell, on average, for $1.500 per pair. Variable selling expenses are $184 per pair of skis sold. The remaining selling expenses are wed. The administrative expenses are 20% varioblo and 80% fixed. The company purchases its skis from several suppliers at on overage cost of $900 per palt Required: 1. Prepare an income statement for the month using the contribution approach Required: 1. Prepare an income statement for the month using the contribution approach Crazy Canucks Income Statement-Crazy Canucks For the Month Ended January 31 Variable expenses: Fixed expenses: 2. For every pair of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits? Contribution margin per pair 3. What would the total contribution margin be in a month where 184 pairs of skis were sold? Total contribution margin