Clipboard Font Alignment 2 D18 X B C D E F Data Sales price Sales volume $ 2 3 4 5 6 140.00 3,000 7 $ $ $ 70.00 7.00 5.00 8 9 10 11 12 13 14 Variable costs: Variable product costs Variable selling Variable administrative Fixed costs: Fixed product costs Fixed selling Fixed administrative $ $ $ 34,000 23,000 50,000 Enter a formula into each of the cells marked with a ? below to complete both income statements $ % 2 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income ? ? ? ? 2 2 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 $ 2 % 2 Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin Fixed expenses Fixed product costs Fixed selling Fixed administrative Net operating income ? ? ? ? ? ? ? ? 2 40 41 42 43 44 Chapter 2 Form