The income statement for the RUN-57326 company, an atletic shoe retailer, for the first quarter of the year is presented below RUN-57326 Income Statement $99,200 33,600 65,600 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $25,400 14,976 40,376 $25,224 On average, an athletic shoe sells for $62. Variable selling expenses are $9 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 3% of sales with the remainder being fixed. How much is the total contribution margin for RUN-57326 for the first quarter? Multiple Choice On average, an athletic shoe sells for $62. Variable selling expenses are $9 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 3% of sales with the remainder being fixed. How much is the total contribution margin for RUN-57326 for the first quarter? Multiple Choice $81,824 $84.800 $96,224 $48,224