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RUN-20204 Income Statement 7 5129,200 45,600 83,600 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income Ota $36,800 22,752 59,552 $ 24,048 On average an athletic shoe sells for $68. Variable seinng expenses are 512 per athletic shoe and the remaning seming expenses are fixed. The vanable administrative expenses are 6% of sales with the remainder beng fixed How much is the total contribution margin for RUN-20204 for the first quarter? Multiple Choice O $108.400 398648 $121448 $53.04