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Eastern Imports Incorporated sold 12,000 units in August. Per unit selling price and variable expense were $30 and $15, respectively. Fixed expense incurred for August

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Eastern Imports Incorporated sold 12,000 units in August. Per unit selling price and variable expense were $30 and $15, respectively. Fixed expense incurred for August totaled $120,000. Required: Prepare the August income statement for Eastern Imports in the contribution margin format. Eastern Imports Incorporated sold 12,000 units in August. Per unit selling price and variable expense were $30 and $15, respectively. Fixed expense incurred for August totaled $120,000. Required: Prepare the August income statement for Eastern Imports in the contribution margin format

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