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 Amount $861,000 $ 410 $ 40 $ 20 $200,000 $170,000 $ 81,000 $101,000 Merchandise purchases Required: $314,000 1. Prepare a traditional income statement for the quarter ended December 31. Sales Merchandise purchases Winter Leisure Traditional Income Statement Quarter ended December 31 2. Prepare a contribution format income statement for the quarter ended December 31. Winter Leisure Contribution Format Income Statement Variable expenses: Quarter ended December 31 Fixed expenses: + 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 1,600 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 1,600 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)