Skis sell, on average, for $1,500 per pair. Variable selling expenses are $182 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company purchases its skis from several suppliers at an average cost of $900 per pair. Required: 1. Prepare an income statement for the month using the contribution approach. Answer is complete but not entirely correct. Crazy Canucks Income Statement-Crazy Canucks For the Month Ended January 31 Sales Vanable expenses Cost of goods sold Selling expenses Administrative expenses Contribution margin Fixed expenses Selling expenses Administrative expenses Operating income 0000 000 $ 348,000- $208,800 69,600 23,2006 S 69,600 23,200 301,600 $ 46,400 92,800 $ (46,400)