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Restate the following income statement for a Retail company in contribution margin format. $14,000 9,800 4,200 Sales ($20 per unit) Less cost of goods sold

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Restate the following income statement for a Retail company in contribution margin format. $14,000 9,800 4,200 Sales ($20 per unit) Less cost of goods sold ($14 per unit) Gross margin Less Operating costs: Salaries Advertising Rent Delivery charges ($0.2 per unit) Operating income $2,100 200 1,000 140 3,440 $760 $

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