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 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 fioxed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $1,419,000 $430 49 17 S 160,000 S 105,000 S 80,000 S 100,000 s 290,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31 The Alpine House, Inc. Traditional Income Statement 1,419,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses Net operating income