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 skisS Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 861,000 47 17 $ 155,000 $ 120,000 $ 75,000 $ 100,000 $ 310,000 Required: 1. 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 $ 861,000 285,000 576,000 Selling and administrative expenses Selling expenses Administrative expenses Net operating income