Question 5, with all parts answered

Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements (L01-6] The Alpine House, Inc. is a large retailer of snow skls. The company assembled the information shown below for the huarter ended March 31 Selling price per pair of skis Variable selling pen per profis Variable distrative pente per pair of skis Total selline expense Tot Fred distrative expense erchandise inventory Ending merchandise inventory Merchandise purchases 5 S $ 1 1 1 Anout 960,000 400 48 19 155,000 115,00 B,000 110.000 320,000 $ 3 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 margin per unit? Complete the question by entering your answers in the tabs below. Hequired 1 Required 2 Required Prepare a traditional income statement for the quarter anded March 31. The Aline Traditional income Statement Seling and text Required 2 > Mount 050,000 400 $ Selling price per pair of so Variable selling expene per pair of Variable dative expense per pair of skis Total Fixed selling expens Total Fixed astrative expense Beginning serchandise Inventory Endine serchandise inventory Merchandise purchase 3 19 155.000 115, 0,000 110,00 120,000 Required: 1. Prepare a traditonal 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? Complete this question by entering your answers in the tabs below. Required: Requin Required Prepare a contribution format income statement for the quarter ended March 31. The Main Housing Vanable penses Fixed expenses