Question 2 Alfa Inc., is a large retailer of shoes. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of shoes $150,000 $750 Variable selling expense per pair of shoes $50 Variable administrative expense per pair of shoes $10 Total fixed selling expense $20,000 Total fixed administrative expense $20,000 Beginning merchandise inventory $30,000 Ending merchandise inventory $40,000 $100,000 Required: Merchandise purchases 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 margin per unit? Submission Deadline: 28 Feb at 23:59 PM (Marks 7) Submission method: You must upload your work on blackboard by the deadline. Your work should be uploaded in word or excel format. Do not upload picture or any format that cannot be downloaded for grading. Work sent by email will not be graded.