Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: 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 $ $ $ $ $ $ $ es es es es ss ss ssssss $1,296,000 360 40 10 350,000 320,000 96,000 116,000 362,000 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Winter Leisure Traditional Income Statement Quarter ended December 31 Selling and administrative expenses: 0 0 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 3,100 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 3,100 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 2. Prepare a contribution format income statement for the quarter ended December 31. Winter Leisure Contribution Format Income Statement Quarter ended December 31 Variable expenses: Fixed expenses: $ 0 $ 0