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6 Chapter 2 WileyPLUS Homework Question 5 of7 / 4 E View Policies Current Attempt in Progress Restate the following income statement for a retailer

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6 Chapter 2 WileyPLUS Homework Question 5 of7 / 4 E View Policies Current Attempt in Progress Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 94,000 Less cost of goods sold ($62 per unit) 58,280 Gross margin 35,720 Less operating costs: Commissions expense ($7 per unit) $ 6,580 Salaries expense 7,800 Advertising expense 5,900 Shipping expense ($3 per unit) 2,820 23,100 Operating income $ 12,620 eTextbook and Media Save for Later Attempts: 0 of 3 used

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