The income statement for the RUN-71750 company, an atletic shoe retailer for the first quarter of the year is presented below: RUN-71750 Income Statement $213,200 80,600 132,600 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $70,400 34,792 105, 192 $ 27,408 On average, an athletic shoe sells for $82. Variable selling expenses are $19 per athletic shoe, and the remaining selling expenses are fixed. The variable administrative expenses are 6% of sales with the remainder being fixed. How much is the total contribution margin for RUN-71750 for the first quarter? Multiple Choice $70,408 $151,008 $200,408 O $163,800