Required:1. contribution format income statement.2. traditional format income statement.3. Calculate the selling price per unit.4. Calculate the variable cost per unit.5. Calculate the contribution margin per unit.6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales?

Sales '$ 255 ,960 Beginning merchandise inventory in 17,860 Purchases $ 179,096 Ending merchandise inventory . $ 8,569 Fixed selling expense ? Fixed administrative expense 5 105299 Variable selling expense i. 2,756 Variable administrative expense 3' Contribution margin $ 51,969 Net operating income $ 15,369- Required: 1. Prepare a contribution format income statement- 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how operating income will change in response to changes in unit sales? Complete this quation by entering your answers In the tabs below. Rqu ' Req3tos . Req ' l Prepare a contribution format income statement. Variable expenses Fixed expenses