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 $1.428,000 420 48 16 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 expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 135,000 $ 115,000 70,000 $ 115,000 $ 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 Type here to search Eta e o 2. Prepare a contribution format income statement for the quarter ended March 31 The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: 3. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Rou Contribution of each pair of skis was References Financial Statements Difficulty: 1 Easy Exercise 2-13 Traditional and Contribution Format Income Statements [LO2-6] Learning Objective: 02-06 Prepare income statements for a merchandising company using the traditional and contribution formats