Redhawk, Inc., is a merchandiser that provided the following information: Number of units sold 13,000 Selling price per unit $16 Variable selling expense per unit $1 Variable administrative expense per unit $1.5 Total fixed selling expense $18,000 Total fixed administrative expense $15,000 Merchandise inventory, beginning balance $10,000 Merchandise inventory, ending balance $25,000 Merchandise purchases $85,000 Required: 1.Prepare a traditional income statement. 2.Prepare a contribution format income statement