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 Winter Leisure Traditional Income Statement Quarter ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses: Required: 1. Prepare a traditional income statement for the quarter ended December 31. $1,500,000 Amount $1,500,000 1,500,000 $ $ $ $ $ $ $ 500 60 30 410,000 380,000 90,000 110,000 $ 341,000

2. Prepare a contribution format income statement for the quarter ended December 31 . Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Required: 1. Prepare a traditional 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 colculations. Round your final answer to nearest whole dollar.) 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.)