Number of units sold $12,000$

Selling price per unit $ $16$

Variable selling expense per unit $ $1$

Variable administrative expense per unit $ $2$

Total fixed selling expense $ $18,000$

Total fixed administrative expense $ $14,000$

Beginning merchandise inventory $ $12,000$

Ending merchandise inventory $ $24,000$

Merchandise purchases $ $89,000$

Required:

Prepare a contribution format income statement.