Given the information below, prepare a Traditional Format Income Statement and a Contribution Format Income Statement. Do not use dollar signs when filling in the numbers.

Given Info

Number of Units Sold	8,000
Sales Price Per Unit	$11
COGS Per Unit	$5
Variable Selling Exp. Per Unit	$2
Variable Admin. Exp. Per Unit	$1
Fixed Selling Exp. in Total	$3,000
Fixed Admin. Exp. Per Unit	$2,000

Traditional Format Income Statement

Sales Revenue	$
Less: COGS
Gross Margin
Less: Selling & Admin. Expense
Net Operating Income	$

Contribution Format Income Statement

Sales Revenue	$
Less: Variable Expenses:
COGS
Variable Selling Expense
Variable Admin. Expense
Contribution Margin
Less: Fixed Expenses:
Fixed Selling Expense
Fixed Admin Expense
Net Operating Income