Is this the solution of the problem above? Please guide

Please guide

B EXERCISE 1-15 Traditional and contribution Format Income Statements LO1-6 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Sales 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. Beginning merchandise inventory. Ending merchandise inventory. Merchandise purchases Amount $150,000 $750 $50 $10 $20,000 $20,000 $30,000 $40,000 $100,000 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? $150,000 The Alpine House, Inc. Income Statement-Ski Department For the Quarter Ended March 31 Sales ................... Variable expenses: Cost of goods sold (200 pairs* x $450 per pair)... $90,000 Selling expenses (200 pairs x $50 per pair)......... 10,000 Administrative expenses (20%