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 $290 per ATV. The remaining selling expenses are fixed. Administrative expenses are 60% variable and 40% 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				$	633,600
Cost of goods sold					332,640
Gross margin					300,960
Operating expenses
Selling expenses	$	180,000
Administrative expenses		40,400			220,400
Net income				$	80,560

Required: 1. Prepare an income statement for the current year using the contribution margin format. (Do not round intermediate calculations. Round contribution margin per ATV value to the nearest whole number.)