1. Lincoln Corporation has the following date based on 700 units sold: Sales Revenue $700,000 Cost of Goods Sold $100,000 Fixed selling expense $40,000 Fixed administrative expense $12,000 Variable selling expense $5/unit Variable administrative expense $2/unit Required (25 points) (HINT: the solution should look like the statements on page 46 in the textbook). a. Prepare a contribution format income statement. b. Prepare a tradition format income statement. c. Calculate the selling price per unit d. Calculate the variable cost per unit e. Calculate the contribution margin per unit