Problem 1-19 (Algo) Traditional and Contribution Format Income Statements [LO1-6] Todrick Company is a merchandiser that reported the following information bosed on 1000 units sold. Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional tormat income statement. 3. Calculate the seling price per unit. 4. Calculate the variable cost per unt. 5. Calculate the contribution margin per unt. 6. Which income statement format firadivanal foemat or contribution foumat) would be more useful to managers in estimaing how net operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Prepare a contrisution format income statement