please redo 2,3,4. thanks! 1 is alrwady correct
Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Total sales revenue Selling price per snowboard Variable selling expense per snowboard Variable administrative expense per snowboard Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases Amount $1,023,000 $ 310 $ 30 $ 10 $ 260,000 $ 230,000 $ 91,000 $ 111,000 $ 350,000 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Answer is complete and correct. Winter Leisure Traditional Income Statement Quarter ended December 31 Sales Cost of goods sold $ 1,023,000 (330,000) 693,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses $ 359,000 263,000 622,000 71,000 Operating income S X Answer is not complete. Winter Leisure Contribution Format Income Statement Quarter ended December 31 Sales $ 1,023,000 Variable expenses Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed expenses Selling expenses Administrative expenses Operating income $ 99,000 33,000 X $ 132,000 $ 891,000 $ 260,000 230,000 $ 490,000 $ 401,000 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 dollor.) Answer is complete but not entirely correct. 270 por snowboard Contribution 4. What would operating income be if only 2,800 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2.800 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Answer is complete but not entirely correct. Operating income XS 265 000 $