Quince Products is a merchandiser that sells specialty fruit jams. The following information is provided by Quince Products: Number of units sold Selling price per unit Variable administrative expense per unit Variable selling expense per unit Total fixed selling expense Total fixed administrative expense Ending merchandise inventory. Merchandise purchases Beginning merchandise inventory Amount 14,000 17 $ 2 $ 2 $ 19,000 $13,000 $ 8,000 $ 25,000 $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution format income statement.