The income statement for the RUN-74404 company, an atletic shoe retailer, for the first quarter of the year is presented below: RUN-74404 Income Statement $200,000 75,000 125,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $65,000 31,000 96,000 $ 29,000 On average, an athletic shoe sells for $80. Variable selling expenses are $18 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-74404 for the first quarter? Multiple Choice O $145,000 O $70,000 O $190,000 O $155,000