Quince Products is a merchandiser that sells specialty fruit jams. The following information is provided by Quince Products: Number of units sold Amount 13,000 Selling price per unit $ 15 Variable selling expense per unit $ 2 Variable administrative expense per unit $ 2 Total fixed selling expense $ 18,000 Total fixed administrative expense $ 14,000 Beginning merchandise inventory $ 9,000 Ending merchandise inventory $ 25,000 $ 85,000 Merchandise purchases 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 traditional income statement. Quince Products Traditional Income Statement Setting and administrative expenses