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Hi Please answer this question: Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Amount Total sales

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Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Amount Total sales revenue $1, 089, 000 Selling price per snowboard 300 Variable selling expense per snowboard 40 Variable administrative expense per snowboard 10 Total fixed selling expense 250, 000 Total fixed administrative expense 220,000 Merchandise inventory, beginning balance 93,000 Merchandise inventory, ending balance 113 , 000 Merchandise purchases 350,000 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Winter Leisure Traditional Income Statement Quarter ended December 31 0 Selling and administrative expenses: 02. Prepare a contribution format income statement for the quarter ended December 31. Winter Leisure Contribution Format Income Statement Quarter ended December 31 Variable expenses: $ 0 Fixed expenses: 69 0 3. What was the contribution toward fixed expenses and profits for each snowboard sold during the quarter? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Contribution per snowboard4. What would operating income be if only 2,800 snowboards were sold in a quarter? You can assume no change to xed expenses will occur if sales decline to 2,800 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) gll

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