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 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount 10,000 12 2 2 $ 21,000 $ 16,000 $ 11,000 $ 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 Quince Products Contribution Format Income Statement Variable expenses Cost of goods sold Selling expenses Administrative expenses 0 Fixed expenses Selling expenses Administrative expenses 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. Quince Products Contribution Format Income Statement Variable expenses Cost of goods sold Selling expenses Administrative expenses Fbced expenses Selling expenses Administrative expenses