96 Check my work Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 20 points $ 195,000 $ 13,000 $ 130,000 6,500 Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income eBook 7,800 9,750 $ $ 39,000 11,700 Ask Print 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? References Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req 3 to 5 Req 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit Req 1 Reg 2 Req 3 to 5 Red Reg 6 Prepare a traditional format income statement. $ Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Administrative expense 195,000 136,500 58,500 Net operating income Req 1 Reg 2 Req 3 to 5 Req6 Prepare a contribution format income statement. 195,000 Todrick Company Contribution Format Income Statement Sales | $ Variable expenses: Cost of goods sold $ 136,500 Selling expense Administrative expense 136,501 Contribution margin Fixed expenses: Selling expense Administrative expense Net operating income