Return to question 7 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 0.14 points 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? Answer is not complete. 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, Inc. Traditional Income Statement Sales $ 150,000 Cost of goods sold 90,000 60,000 Gross margin Selling and administrative expenses: $ 10,000 X 2,000 X 20,000 X 20,000 X $ x 52,000 Fixed manufacturing overhead Net operating income 8,000 Required 1 Required 2 > Return to question 7 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 $ 750 $ 50 $ 10 $ 20,000 $ 20,000 $ 30,000 $ 40,000 $ 100,000 0.14 points 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? X Answer is not complete. 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, Inc. Contribution Format Income Statement Sales $ 150,000 $ Variable expenses: Cost of goods sold Selling expenses Administrative expenses 90,000 10,000 2,000 102,000 48,000 Contribution margin Fixed expenses: Selling expenses Administrative expenses ON 20,000 20,000 40,000 8,000 Net operating income $