#1 Fall 2... A merchandising company reported the following results for December Sales .. $210.000 Cost of goods sold (all variable).... $157,500 Total variable selling expense.... 23,625 Total fixed selling expense.. 7,875 Total variable administrative expense..2,363 Total fixed administrative expense...$5,906 a. Prepare a traditional format income statement for December Sales Cost of Goods Sold (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) b. Prepare a contribution format income statement for December Cost of Goods Sold Contribution Margin Contribution Margin (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) 18 11