The Alpine House, Inc. is a large retailer of winter sports equipment. Here is an income statement for the company's Ski department for a recent quarter THE ALPINE HOUSE, INC. Income Statement-Ski Department For the Quarter Ended March 31 Sales Less: Cost of goods sold Gross margin Less: Operating expenses: Selling expenses 560.000 Administrative expenses 20,00 Net Inco 5560,000 390,000 170.000 80.000 $ 90,000 On average skissen for $800 per pall Variable selling expenses are $50 per pair of skis sold. The remaining selling expenses are fixed the administrative expenses are 75% variable and 82.5% fixed. The company does not manufacture its own skis: it purchases them from a Supplier for $450 per pair Required: 1. Prepare a contribution margin income statement for the quarter THE ALPINE HOUSE, INC. PL 102 Next > HPM