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Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Amount $1,024,000 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 Required: 1. Prepare a traditional income statement for the quarter ended December 31. Traditional Income Statement Quarter ended December 31 250 40 10 Selling and administrative expenses: $ $ $ $ 220,000 $ 190,000 92,000 $ 112,000 $ 356,000

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 2,700 snowboards were sold in a quarter? You can assume no change to fixed expenses will occur if sales decline to 2,700 snowboards. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 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

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