Buford Botanicals has the following information: Number of units sold = 27,000 Selling price per unit = $40 Variable selling expense per unit = $8 Variable administrative expense per unit = $4 Total fixed selling expense = $55,000 Total fixed administrative expense = $35,000 Beginning merchandise inventory = $25,000 Ending merchandise inventory = $42,000 Merchandise purchases = $210,000

For the following questions, please answer in the following format xxx,xxx (i.e. 100,000)

When preparing a Traditional Income Statement, what is Buford Botanicals' Gross Margin?

When preparing a Traditional Income Statement, what is Buford Botanicals' Net Operating Income?

When preparing a Contribution Format Income Statement, what is Buford Botanicals' Contribution Margin?

When preparing a Contribution Format Income Statement, what is Buford Botanicals' Net Operating Income?