Exercise 1-15 Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended. March 31: Sales Selling price per pair of skis Variable selling expense per pair of akin Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense. Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: Amount $1,305,000 450 47 17 $ 135,000 100,000 $ 70,000 $100,000 $295,000 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. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31, 203 31 Prev 1 of 4 Next > A W Quiz i Saved Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses: Required 2 > 1 Complete this question by entering your answers in the tabs below. B 02:08:16 Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: Prev 1 of 4 Next :06 Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 135,000 $ 100,000 $ 70,000 $ 100,000 $ 295,000 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. Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit 203 AN 31