Instructions

The company provided the following information:

Number of units sold	10,000
Selling price per unit	$15
Variable selling expense per unit	$2
Variable administrative expense per unit	$1
Total Fixed selling expenses	$20,000
Total Fixed administrative expenses	$15,000
Merchandise Inventory, Beginning balance	$12,000
Merchandise Inventory, Ending balance	$22,000
Merchandise Purchases	$90,000

Required: Create and upload an Excel spreadsheet with both a well-formatted traditional income statement, and a well-formatted contribution formatted income statement.