The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

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

 

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