Restate the following income statement for a retail company in contribution margin format. Sales ($20 per unit) $28,000 Less: Cost of goods sold ($14 per unit) 19,600 8,400 Gross margin Less Operating costs: Salaries Advertising Rent Delivery charges ($0.20 per unit) Operating income $4,200 400 2,000 280 6,880 $ 1,520

Restate the following income statement for a retail company in contribution margin format. Sales ( $20 per unit) Less: Cost of goods sold (\$14 per unit) Gross margin Less Operating costs: $28,00019,6008,400 Salaries Advertising Rent $4,200 Delivery charges ( $0.20 per unit) Operating income 6,880 $1,520