The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales Selling price per pair of skis Variable selling expense per pair of skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount $ 150,000 $ 750 50 $ 10 $ 20,000 $ 20,000 $ 30,000 $ 40,000 $ 100,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? The Alpine House, Inc. Sales Cost of goods sold Gross margin Traditional Income Statement 150,000 (90,000) 60,000 Selling and administrative expenses: Selling expenses Administrative expenses Selling expenses Administrative expenses Net operating income $ 10,000 2,000 12,000 $ 8,000 The Alpine House, Inc. Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0 Contribution margin per unit