total sales revenue 150,000

selling price per pair of skis 750

variable selling expense per pair of skis 50

variable administrative expense per pair of skis 10

total fixed selling expense 20,000

total fixed administrative expense 20,000

beginning merchandise inventory 30,000

ending merchandise inventory 40,000

merchandise purchase 100,000

prepare traditional income statement for the quarter ended March 31

prepare a contribution format income statement for the quarter ended March 31

What is the contribution toward fixed expenses and profits for each pair of skis sold during the quarter?