Exercise 19-8 contribution margin format income statement lo p2 polarix is a retailer of atvs (all-terrain vehicles) and accessories. an income statement for its consumer atv department for the current year follows. atvs sell for $3,600 each. variable selling expenses are $290 per atv. the remaining selling expenses are fixed. administrative expenses are 80% variable and 20% fixed. the company does not manufacture its own atvs; it purchases them from a supplier for $1,830 each. polarix income statement—consumer atv department for year ended december 31, 2017 sales $ 644,400 cost of goods sold 327,570 gross margin 316,830 operating expenses selling expenses $ 140,000 administrative expenses 41,800 181,800 net income $ 135,030 prepare an income statement for this current year using the contribution margin format. (round contribution margin per atv to the nearest dollar amount.)