The above cost information was incurred last year when the $34,000$ units were sold at an average selling price of $$\frac{47}{?}$ unit. Create

two income statements in good form: $(1)$ a traditional gross margin format income statement, and $(2)$ a contribution margin

format income statement. Referencing the appropriate information and utilizing formulas within Excel, populate each of the

income statements to determine operating income for Grouper under both income statement formats.

Traditional Income Statement

Administrative Salaries

$