$(8$ points$)$ The Alpine House, Inc., is a large retailer of snow skis. The company

assembled the information shown below for the quarter ended March $31$:

Amount

Sales $ $217,800$

Sales in units $440$ pairs

Selling price per pair of skis $ $495$

Variable selling expense per pair of skis $ $31$

Variable administrative expense per pair of skis $ $21$

Total fixed selling expense $ $31,500$

Total fixed administrative expense $ $26,500$

Beginning merchandise inventory $ $85,000$

Ending merchandise inventory $ $68,000$

Merchandise purchases $ $110,000$

Note: to calculate COGS you will need to use the following equation: Beg. Merch. Inventory $+$ Merch. Purchases $$ End. Merch. Inventory. COGS is a variable expense.

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?