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China Imports Inc. sold 13,500 units in May. Per unit selling price and variable expense were $30 and $22, respectively. Fixed expense incurred for May

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China Imports Inc. sold 13,500 units in May. Per unit selling price and variable expense were $30 and $22, respectively. Fixed expense incurred for May totaled \$70,000. Required: Prepare the May income statement for China Imports in the contribution margin format

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