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 .... . .. $150,000 Selling price per pair of skis . $750 Variable selling expense per pair of skis $50 Variable administrative expense per pair of skis $10 Total fixed selling expense . . . .. $20,000 Total fixed administrative expense . $20,000 Beginning merchandise inventory $30,000 Ending merchandise inventory . ... $40,000 Merchandise purchases . . . . $100,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. . Prepare a contribution format income statement for the quarter ended March 31. ci m What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (State this figure in a single dollar amount per pair of skis.)