The income statement for the RUN-56926 company, an atletic shoe retailer, for the first quarter of the year is presented below:

RUN-56926
Income Statement
Sales			$	300,800
Cost of goods sold				118,400
Gross margin				182,400
Selling and administrative expenses
Selling	$	107,000
Administration		43,040		150,040
Net operating income			$	32,360

On average, an athletic shoe sells for $94. Variable selling expenses are $25 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales with the remainder being fixed.

How much is the total contribution margin for RUN-56926 for the first quarter?

• $205,760

• $285,760

• $87,360

• $220,800