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see info below thanks Polarix is a retailer of ATV's (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current

see info below thanks

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Polarix is a retailer of ATV's (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for the current year follows. ATV's sell for $4,400 each. Variable selling expenses are $260 per ATV. The remaining selling expenses are fixed. Administrative expenses are 30% variable and 70% fixed. The company does not manufacture its own ATV's; it purchases them from a supplier for $1,850 each. POLARIX Income Statement-Consumer ATV Department For Year Ended December 31 Sales $646,280 Cost of goods sold 271,958 Gross margin 374,858 Operating expenses Selling expenses $178,880 Administrative expenses 42, 680 212,680 Net income $162, 258 Required: 1. Prepare on income statement for the current year using the contribution margin format. (Do not round Intermediate calculations. Round contribution margin per ATV value to the nearest whole number.) POLARIX Income Statement - Consumer ATV Department For Year Ended December 31 Net income (loss) 2. For each ATV sold during this year, what le the contribution toward covering fixed expenses and earning Income? Contribution margin per ATV

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