Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31:

	Amount
Total sales revenue	$	1,023,000
Selling price per snowboard	$	310
Variable selling expense per snowboard	$	30
Variable administrative expense per snowboard	$	10
Total fixed selling expense	$	260,000
Total fixed administrative expense	$	230,000
Merchandise inventory, beginning balance	$	91,000
Merchandise inventory, ending balance	$	111,000
Merchandise purchases	$	350,000

Required:

1. Prepare a traditional income statement for the quarter ended December 31.

2. Prepare a contribution format income statement for the quarter ended December 31.

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.)

4. What would operating income be if only 2,800 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2,800 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Winter Leisure Traditional Income Statement Quarter ended December 31 Sales $ 1,023,000 1,023,000 Selling and administrative expenses: 0 Winter Leisure Contribution Format Income Statement Quarter ended December 31 Variable expenses: $ 0 Fixed expenses: $ 0