Module 4 Homework 7 0.74 points Saved Help Save & Exit Submit Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the Information shown below for the quarter ended March 31: eBook Hint References Sales 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 Required: Amount $ 1,008,000 $ 420 1. Prepare a traditional Income statement for the quarter ended March 31. $ 48 $ 19 $ 150,000 $ 130,000 $ 70,000 $ 105,000 $ 315,000 2. Prepare a contribution format Income statement for the quarter ended March 31. 3. What was the contribution margin per unit? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. Sales Cost of goods sold The Alpine House, Incorporated Traditional Income Statement $ 1,008,000 280,000 728,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 0 < Required 1 Required 2 > Check my work