The 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 fixed administrative expense $ 946,000 430 49 19 $140,000 $ 105,000 $ 65,000 $ 110,000 $ 315,000 $ Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement for the quarter ended March 31 Traditional Income Statement Selling and administrative expenses: 0 2. Prepare a contribution format income statement for the quarter ended March 31