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s Exercise 1-15 (Algo) Traditional and Contribution Format Income Statements [LO1-6] The Alpine House, Incorporated, is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount $1,218,000 Sales Selling price per pair of skin $420 Variable selling expense per pair of skis Variable administrative expense per pair of skin Total fixed selling expense $ 48 $17. Total fixed administrative expense Beginning merchandise inventory $135,000 $ 110,000 $70,000 $ 110,000 Ending merchandise inventory 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? 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. The Alpine House, Incorporated Traditional Income Statement Sales 1,218,000 Cost of goods sold 280,000 Gross margin 938,000 Selling and administrative expenses: Selling expenses Administrative expenses 188,500 Net operating income 521,000 Required 2 > 136,300 52,200 Recen Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format Income statement for the quarter ended March 31. The Alpine House, Incorporated Contribution Format Income Statement Sales 1,218,000 Variable expenses: 245,000 139,200 52,200 436,400 130,000 130,000 260,000 521,600 Cost of goods sold Selling expenses Administrative expenses Fixed expenses: Selling expenses Administrative expenses Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What was the contribution margin per unit? (Round your final answer to nearest whole dollar.) Contribution margin per unit 258