4. Otsego, Inc., is a merchandiser that provided the following information: Number of units sold 12,000 Selling price per unit $25 Variable selling expense per unit $2.50 Variable administrative expense per unit $2 Total fixed selling expense $16,000 Total fixed administrative expense $17,000 Merchandise inventory, beginning balance $25,000 Merchandise inventory, ending balance $18,000 Merchandise purchases $101,000 Required: 1. Prepare a traditional income statement COGS. BI (25,000) +100,000 stop 1 sales 126,000 108 2. Prepare a contribution format income statement. Comance 5. Hough Company manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over a relevant range of 80,000 to 120,000 units produced and sold each year is given below: Units Produced and Sold 80,000 100,000 120,000 Total Costs: Variable costs $ 240,000 Fixed costs $ 320,000 Total costs $ 560,000 Cost per unit: Variable cost Fixed cost Total cost per unit a. Complete the schedule of the company's total and unit costs. b. Assume that the company produces and sells 110,000 units during the year at the selling price of $6.50 per unit. Prepare a contribution format income statement for the year