Problem 3-12 Traditional and Contribution Format Income Statement (LO3] Haaki Shop Inc. is a large retailer of surfboards. The company assembled the information shown below for the quarter ended May 31: A A A Total sales revenue Selling price per surfboard Variable selling expense per surfboard Variable administrative expense per surfboard Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases Amount 924,000 420 50 20 210,000 | 180,000 82,000 102,000 306,000 A A A $ $ Required: 1. Prepare a traditional income statement for the quarter ended May 31. HAAKI SHOP, INC. Traditional Income Statement Quarter Ended May 31 pro 2 of 5 Next > Rcyumcu. 1. Prepare a traditional income statement for the quarter ended May 31. HAAKI SHOP, INC. Traditional Income Statement Quarter Ended May 31 Selling and administrative expenses: Save & 2. Prepare a contribution format income statement for the quarter ended May 31. HAAKI SHOP, INC. Contribution Format Income Statement Quarter Ended May 31 Variable expenses: bok nt Fixed expenses: 3. What was the contribution toward fixed expenses and profits for each surfboard sold during the quarter