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 $230 per ATV. The remaining selling expenses are fixed. Administrative expenses are 10% variable and 90% fixed. The company does not manufacture its own ATVS, it purchases them from a supplier for $1,870 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31 Sales 5644,400 Cost of goods sold 334,230 Gross margin 309,670 Operating expenses Selling expenses $145,000 Administrative expenses 42,000 187,000 Net income $122,670 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.) 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.) POLARIX Income Statement - Consumer ATV Department For Year Ended December 31 Sales 0 income osa) 2. Toreach ATV sed during me year what the contribution toward covering foed penses and eaming income? Contribution margin per ATV