The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

	Amount
Total sales revenue	$	946,000
Selling price per pair of skis	$	430
Variable selling expense per pair of skis	$	46
Variable administrative expense per pair of skis	$	20
Total fixed selling expense	$	135,000
Total fixed administrative expense	$	125,000
Beginning merchandise inventory	$	60,000
Ending merchandise inventory	$	115,000
Merchandise purchases	$	305,000

Required:

1. Prepare a traditional income statement for the quarter ended March 31.

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