Hello,

I could use some assistance with this exercise!

Restate the following income statement for a retail company in contribution margin format.

Sales ($20 per unit)		$14,000
Less cost of goods sold ($14 per unit)		9,800
Gross margin		4,200
Less Operating costs:
Salaries	$2,100
Advertising	200
Rent	1,000
Delivery charges ($0.20 per unit)	140	3,440
Operating Income		$ 76