Whitman Company has just completed its first year of operations. The company's traditional format income statement for the year follows: The company's selling and administrative expenses consist of $$89,000$ per year in fixed expenses and $$3$ per unit sold in variable expenses. The $$17$ unit product cost given above is computed as follows: Required: $1$a Prepare a contribution format income statement for the year ended December $31.1$b What was the contribution toward fixed expenses and profits for each unit sold? $($State this figure in a single dollar amount per snowboard.$)1$c What would operating income be if only $24,000$ units were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to $16,500$ units. $($Hint$.$ You don't need to prepare a new income statement to determine the answer.$)$