Prepare a Traditional Format income Statement with the following information: 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