EXERCISE 3-4 Traditional and Contribution Format Income Statements [LO4] 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 expense $150,000 $750 $50 $10 $20,000 . . . . . . . .. $20,000 .. $100,000 Merchandise purchases 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 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.)