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Exercise 2-13 Traditional and Contribution Format IncomeStatements [LO2-6]The Alpine House, Inc., is a large retailer of snow skis. Thecompany assembled the information shown below for the quarter endedMarch 31:Amount Total sales revenue$1,408,000 Selling price per pair of skis$440 Variable selling expense per pair of skis$48 Variable administrative expense per pair ofskis$19 Total fixed selling expense$160,000 Total fixed administrative expense$125,000 Beginning merchandise inventory$75,000 Ending merchandise inventory$115,000 Merchandise purchases$310,000 Required:1.Prepare a traditional income statement for the quarter endedMarch 31. 2.Prepare a contribution format income statement for the quarterended March 31. 3.What was the contribution toward fixed expenses and profits foreach pair of skis sold during the quarter? (Round yourfinal answer to nearest whole dollar amount.)