BRIEF EXERCISE 6-8 Preparing a Contribution Margin Income Statement [LO3 - CC12] The Alpine House, Inc. is a large retailer of winter sports equipment. Here is an income statement for the company's ski department for a recent quarter: On average, skis sell for $800 per pair. Variable selling expenses are $50 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 17.5% variable and 82.5% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $450 per pair. Required: 1. Prepare a contribution margin income statement for the quarter. 2. For every pair of skis sold during the quarter, what was the contribution toward covering fixed expenses and toward earning profits