Quince Products is a merchandiser that sells specialty fruit jams. The following information is provided by Quince Products: Thank you in advance!

5 Quince Products is a merchandiser that sells specialty fruit jams. The following information is provided by Quince Products: Amount 10,000 16 16.66 points 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 $ 21,000 $ 13,000 $ 11,000 $ 25,000 $ 86,000 Skipped eBook Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare a contribution format income statement. Quince Products Contribution Format Income Statement Variable expenses: 0 Fixed expenses: 0 5 Quince Products is a merchandiser that sells specialty fruit jams. The following information is provided by Quince Products: 16.66 points 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 $ 16 $ 1 $ $ 21,000 $ 13,000 $ 11,000 $ 25,000 $ 86,000 Skipped eBook Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Prepare a traditional income statement. Quince Products Traditional Income Statement Selling and administrative expenses: 0