Prepare a contribution income statement with the following information for a merchandiser: Chapter 1, Introduction to Managerial Accounting (8th Edition)

Number of units sold		12,000
Selling price per unit	$	16
Variable selling expense per unit	$	2
Variable administrative expense per unit	$	2
Total fixed selling expense	$	21,000
Total fixed administrative expense	$	15,000
Beginning merchandise inventory	$	10,000
Ending merchandise inventory	$	23,000
Merchandise purchases	$	88,000