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 selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Ending merchandise inventory Beginning merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 13,000 $ 16 $ 1 $ 2 $ 20,000 $ 14,000 $ 9,000 $ 24,000 $ 86,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement.