6 Problem 1-19 Traditional and Contribution Format Income Statements (LO1-6) 2.5 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Pixed administrative expense s 210,000 $ 14,000 s 140,000 $ 7,000 Print $ 8,400 $ 10,500 Variable Contribution margin Net operating income 42,000 12,600 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement 3. Calculate the selling price per unit 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3 to 5 Reg 6 Prepare a traditional format income statement. Return to questio 6 te tne seing price per uniL 4. Calculate the variable cost per unit 5. Calculate the contribution margin per unit 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? 2.5 Answer is complete but not entirely correct. Complete this question- by entering your answers in Req 1 Req 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. 210,000 47,000 63.000 sold Selling and administ 10,500 8,400 18,900 S 12,600 Net