The Rink, Inc., is a large retailer of ice skates. The company assembled the information shown below for the quarter ended March 31:

		Amount
Sales	$	1,204,000
Selling price per set of skates	$	430
Variable selling expense per set of skates	$	47
Variable administrative expense per set of skates	$	18
Total fixed selling expense	$	150,000
Total fixed administrative expense	$	125,000
Beginning merchandise inventory	$	75,000
Ending merchandise inventory	$	120,000
Merchandise purchases	$	295,000

Required:

1. Prepare a traditional income statement for the quarter ended March 31.

2. Prepare a contribution format income statement for the quarter ended March 31.

3. What was the contribution margin per unit (i.e. per set of skates)?