Question

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information...

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

Amount
Total sales revenue $ 946,000
Selling price per pair of skis $ 430
Variable selling expense per pair of skis $ 46
Variable administrative expense per pair of skis $ 20
Total fixed selling expense $ 135,000
Total fixed administrative expense $ 125,000
Beginning merchandise inventory $ 60,000
Ending merchandise inventory $ 115,000
Merchandise purchases $ 305,000

Required:

1. Prepare a traditional income statement for the quarter ended March 31.

.

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