Exercise 2-13 Traditional and Contribution Format Income Statements [LO2-6]

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31 Amount Total sales revenue 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 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 5 1,419,000 430 49 19 5 135,000 5 110,000 5 75,000 5 105,000 5 315,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31 The Alpine House, Inc. Traditional Income Statement Selling and administrative expenses