Sheridan, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month ended January 31: $ 795,000 381,600 413,400 Sales revenue Cost of goods sold Gross margin Operating expenses Selling expense Administrative expense Net operating income $ 24.150 51,800 75,950 $ 337,450 Sheridan sells its coats for $250 each. Selling expenses consist of fixed costs plus a commission of $6.50 per coat. Administrative expenses consist of fixed costs plus a variable component equal to 5% of sales. (a) Prepare a contribution format income statement for January. (Round per unit cost to 2 decimal places, e.g. 52.75 and all other answers to O decimal places, e g. 5,275.) Per Unit Sales Revenue $ 795000 Total Variable Expenses Cost of Goods Sold 381600 Selling Expense Administrative Expense Total Variable Expenses Contribution Margin V Fixed Expenses Selling Expense Administrative Expense Total Fixed Expenses Operating Income $