RUN-74860 Income Statement 01:14:33 $108,800 37,400 71,480 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $29,000 17,352 46,352 $ 25,048 On average, an athletic shoe sells for $64 Variable selling expenses are $10 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. How much is the total contribution margin for RUN-74860 for the first quarter