NEED HELP!!!! PLEASE READ EACH QUESTION VERY CAREFULLY AND ANSWERS MUST BE CLEAR

Hayek Bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. For its first month of operations, 375 bikes were produced and 225 were sold; this left 150 bikes in ending inventory. The income statement information under variable costing follows Sales (225 * $1.600) Variable production cost (225 x $625) Variable selling and administrative expenses (225 $65) $ 350,000 140,625 14,625 Contribution margin Fixed overhead cost Fixed selling and administrative expense 204,750 56,250 75,000 Net income $ 73,500 1. Prepare this company's income statement for its first month of operations under absorption costing. HAYEK BIKES Absorption Costing Income Statement Net Income (loss) Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATVs sell for $3,800 each. Variable selling expenses are $270 per ATV. The remaining selling expenses are fixed. Administrative expenses are 40% variable and 60% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,830 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31, 2015 Sales $ 646,000 Cost of goods sold 311,100 334,900 Gross margin Operating expenses Selling expenses Administrative expenses $135.000 59.500 194,500 Net income Required: 1. Prepare an income statement for this current year using the contribution margin format. (Do not round intermediate calculations. Round contribution margin per ATV value to the nearest whole number.) POLARIX Income Statement Consumer ATV Department For Year Ended December 31, 2015 Net Income (loss) 2. For each ATV sold during this year, what is the contribution toward covering fixed expenses and earning income? Contribution margin per ATV