The Alpine House, Incorporated, 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 skis Variable administrative expense per pair of skis Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31. Amount $ 860,000 $430 $47 $20 $135,000 $105,000 $ 65,000 $120,000 $315,000 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit? 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. Sales Cost of goods sold Gross margin The Alpine House, Incorporated Traditional Income Statement $ 860,000 265,000 595,000 Selling and administrative expenses Selling expenses 231,000 161,000 Administrative expenses Administrative expenses Net operating income 392.000 $ 203,000