Total sales revenue Selling price per snowboard Variable selling expense per snowboard Variable administrative expense per snowboard Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases Amount $1,500,000 $ 500 $ 60 $ 30 $ 410,000 $ 380,000 $ 90,000 $ 110,000 $ 341,000 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Winter Leisure Traditional Income Statement Quarter ended December 31 Sales $ 1,500,000 Cost of goods sold 321,000 1,179,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 0 Operating income 2. Prepare a contribution format income statement for the quarter ended December 31. Winter Leisure Contribution Format Income Statement Quarter ended December 31 Sales $ 1,500,000 Variable expenses: Cost of goods sold $ 321,000 Selling expenses 30,000 Administrative expenses 15,000 $ 366,000 Contribution margin $ 1,134,000 Fixed expenses: Selling expenses Administrative expenses $ 0 Operating income 3. What was the contribution toward fixed expenses and profits for each snowboard sold during the quarter? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Contribution per snowboard 4. What would operating income be if only 2,500 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2,500 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Operating income