The Alpine House, Inc., is a large retailer of winter sports equipment. An income statement for the company's Ski Department for a recent quarter is presented below: The Alpine House, Inc. Income StatementSki Department For the Quarter Ended March 31 Sales $150,000 Cost of goods sold 90,000 Gross margin 60,000 Selling and administrative expenses: Selling expenses $30,000 Administrative expenses 10,000 40,000 Net operating income $20,000 Skis sell, on the average, for $750 per pair. Variable selling expenses are $50 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 20% variable and 80% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $450 per pair. Requirement 1: Prepare a contribution format income statement for the quarter. (Input all amounts as positive values. Omit the "$" sign in your response.) The Alpine House, Inc. Income StatementSki Department For the Quarter Ended March 31 $ Variable expenses: $ Fixed expenses: $ Requirement 2: For every pair of skis sold during the quarter, what was the contribution toward covering fixed expenses and toward earning profits? (Omit the "$" sign in your response.) Contribution margin per pair $ eBook LinkReferences Worksheet Difficulty: Basic Learning Objective: 05-4