Question 4 of 5 -/5 View Policies Current Attempt in Progress Restate the following income statement for a merchandising company in contribution format. Sales ($ 20 per unit) $ 20,000 Less cost of goods sold ($ 6 per unit) 6,000 Gross margin 14,000 Less operating expenses Shipping charges ($ 2 per unit) $ 2,000 Salaries 3,000 Utilities 4,000 9,000 Operating income $5,000 $ A A A > > > > > > > Question 4 of 5 - /5 Utilities 4,000 4,000 Operating income $5,000 $ Sales Total Variable Cost Contribution Margin Total Fixed Cost Operating Income Fixed Cost Variable Cost Commissions Cost of Goods Sold Shipping Salaries Advertising $