he Alpine House, Inc, is a large retailer of snow skis, The company assembled the information shown below for the quarter ended March 31 Amount $1,276,000 $440 Total sales revenue Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of Total fixed selling expense Total fixed administrative expense 48 $19 S 145,000 $ 120,000 S 65,000 $ 110,000 $ 285,000 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required 1. Prepare a traditional income statement for the quarter ended March 31 The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin $ 1,276,000 240,000 1,036 Selling and administrative expenses Selling expenses 166.120 128,360 EWLETT- PACKARD OWA STATE UNIVERSITY Q Checkout | H&M USA N A Peaks & Pines Mtn ps tRaga I HeartfeltBoo Macro practice Flash B Heritage Stripe Leat Netflix Required 1. Prepare a traditional income statement for the quarter ended March 31. The Alpine House, Inc Traditional Income Statement Sales Cost of goods sold Gross margin S 1,276,000 240,000 1,036,000 Selling and administrative expenses: Selling expenses 166.120 Administrative expenses 128,360 294,480 2. Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc Contribution Format Income Statement 2. Prepare a contribution format income statement for the quarter ended March 31. The Alpine House, Inc. Contribution Format Income Statement les S 1,276,000 Variable expenses: Cost of goods sold Selling expenses Administrative expenses 240,000 21,120 218,880 480,000 Contribution margin 796,000 Fixed expenses: HEWLETT-PACKARD UNIVERSITY 3. What was the contribution toward fixed expenses and profits for each pair of skis sold during the quarter? (Round your final answer to nearest whole dolilar amount)