5 1 points eBook Hint Print References Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales P Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense. Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? Required 1 Complete this question by entering your answers in the tabs below. Required 2 Sales Cost of goods sold Amount $ 1,240,000- $ 400 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Incorporated Traditional Income Statement $ 47 $ 17 $ 130,000 $ 120,000 $ 80,000 $ 115,000 $ 290,000

Exercise 1.15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Apine House, Incorporated, is a largeretailet of snow skis. The company assembled the information shown below for the quarter ended March 3t Required: 1. Prepare a traditional income statement for the quarter ended March 31 2. Prepare a contribution format income statement for the quarter ended March 31 . 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. Prepare a traditional income statement for the quarter ended March 31