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 skin Variable administrative expense per pair of skin Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Amount $1,280,000 $ 400 $ 42 $ 15 5 130,000 $ 110,000 70,000 $ 110,000 5315.000 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? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare a traditional income statement for the quarter ended March 31, The Alpine House, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses $ 150,400 OO $ 1.200.000 275,000 1,005,000 . Merchandise parebases . 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? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a traditional income statement for the quarter ended March 31. os The Alpine House, Inc. Traditional Income Statement Sales $ 1.280.000 Cost of goods sold 275.000 Gross margin 1,005,000 Selling and administrative Oponses Seling expenses $ 150,400 Administrative expenses 48,000 3 Seling expenses 130.000 110,000 438.400 ooo Required Required 2 > 3. What was the contribution margin per unit? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement for the quarter ended March 31. $ 1,280,000 The Alpine House, Inc. Contribution Format Income Statement Sales Variable expenses Cost of goods sold $ 275,000 Selling expenses 150,400 Administrative expenses 48,000 o OOO 473,400 806,600 Contribution margin Fixed expenses Selling expenses Administrative expenses lo 130,000 110,000 240,000 $ 566,600 Not operating income