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 $4,000 ench Variable selling expenses we $310 per ATV. The remaining selling expenses are foed Administrative expenses are 80% vanable and 20% fixed. The company does not manufacture is own ATVs, purchases them from a supplier for $1,850 each POLARIX Income Statement-Consumer ATV Department For Year Ended December 31, 2017 Sales $644, eee Cost of goods sold 297,85e Gross margin 146. 15e Operating expenses Selling expenses $170,000 Administrative expenses 41,409 211, 4ee Net income $134,75e Required: 1. Prepare an income statement for this current year using the contribution margin format. Round contribution margin per ATV to the nearest dollar amount.) POLARIX Income Statement Consumer ATV Department or Year Ended December 31, 2017 b benes awat nome