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 $3,600 each. Variable selling expenses are $260 per ATV. The remaining selling expenses are fixed. Administrative expenses are 30% variable and 70% fixed. The company does not manufacture its own ATVs; it purchases them from a supplier for $1,890 each. POLARIX Income StatementConsumer ATV Department For Year Ended December 31 Sales $ 630,000 Cost of goods sold 330,750 Gross margin 299,250 Operating expenses Selling expenses $ 140,000 Administrative expenses 42,200 182,200 Net income $ 117,050 Required: 1. Prepare an income statement for the current year using the contribution margin format. (Do not round intermediate calculations. Roun d contribution margin per ATV value to the nearest whole number.)