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 Sales $ 1,075,000 Selling price per pair of skis $ 430 Variable selling expense per pair of skis $ 49 Variable administrative expense per pair of skis $ 16 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 125,000 Beginning merchandise inventory $ 60,000 Ending merchandise inventory $ 115,000 Merchandise purchases $ 315,000

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?