Complete this question by entering your answers in the tabs below. Reg 3 to 5 Reg 6 Req 1 Req 2 Prepare a traditional format income statement. Todrick Company Traditional Income Statement $ 420,000 294,000 126,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expense 0 Net operating income $ 25,200 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 $ 420,000 $ 28,000 $ 280,000 $ 14,000 $ ? $ 16,800 $ 21,000 ? $ 84,000 $ 25,200 tA A A A A A A $