POLARIX Income Statement—Consumer ATV Department For Year Ended December 31, 2015 Sales $ 646,000 Cost of goods sold 311,100 Gross margin 334,900 Operating expenses Selling expenses $ 135,000 Administrative expenses 59,500 194,500 Net income $ 140,400 Required: 1. Prepare an income statement for this current year using the contribution margin format. (Do not round intermediate calculations. Round contribution margin per ATV value to the nearest whole number.)