Required: 1. Prepare an income statement for the month using the contribution approsch 2. For every pair of skis sold during January, what was the contribution toward covering fioed expenses and toward eurning profits? 2. For every pair of skis sold during January, what was the contributoon towaid covering fiaed experises and toward taining profits? 3. What would the total contribution margin be in a month where 182 poirs of sks were sold? Crazy Canucks is a small, family-owned retaler specializing in alpine ski and snowboard equipment located in Squamish, BC. An income statement for the ski department's most recent month is shown below. 5kis sell, on average, for $1,500 per pair. Variable seling expenses are $182 per pair of skis sold. The remaining sefing expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its shis from severai suppliers at an average cost of $900 per poir. Required: 1. Prepare an income statement for the month using the contribution approach