Crazy Canucks is a small, family-owned retaller specializing in alpine skI and snowboard equipment located in Squamish, B.C. An ncome statement for the ski department's most recent month is shown below. Skis sell, on average, for $1,500 per pair. Varlable selling expenses are $174 per palr of skis sold. The remaining selling expenses are ixed. The administratlve expenses are 20% varlable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per parr. Required: 1. Prepare an income statement for the month using the contribution approach. 2. For every palr of skis sold during January, what was the contribution toward covering fixed expenses and toward earning profits? 3. What would the total contrlbutlon margin be in a month where 174 pairs of skls were sold