The 4 times 4 Shop is a large retailer of equipment for pickup trucks. An income statement for the company's bed liner department for the most recent quarter ii prevented below. The liners sell, on average, for $350 each. The department's variable selling expenses are $35 per liner sold. The remaining selling expenses are fixed. The administrative expenses axe 25% variable and 75% fixed. The company purchases its liners from a supplier at a cost of SI 25 per liner. Required: Prepare an income statement for the quarter, using the contribution approach