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Haaki Shop Inc. is a large retailer of surfboards. The company assembled the information shown below for the quarter ended May 31: Amount Total sales revenue 351295.000 Selling price per surfboard $ 360 Variable selling expense per surfboard $ 40 Variable administrative expense per $ 10 surfboard Total fixed selling expense 3; 350.000 Total fixed administrative expense 3; 320.000 Merchandise inventory, beginning balance $ 96,000 Merchandise inventory, ending balance $ 116,000 Merchandise purchases 5]; 362-000 Required: 1. Prepare a traditional income statement for the quarter ended May 31. $ 1,296,000 Cost of goods sold (270,000) Gross margin 1,026,000 Selling and administrative expenses: 1. Prepare a traditional income statement for the quarter ended May 31. $ 1,296,000 Cost of goods sold (270,000) 1 26,000 Selling and administrative expenses: \f3. What was the contribution toward fixed expenses and profits for each surfboard sold during the quarter