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The Blossom Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $20 each. Blossom buys the

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The Blossom Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $20 each. Blossom buys the decals from a supplier for $6 each and spends an additional $1 in variable operating costs per decal. The results of last month's operations are as follows: Sales revenue $ 26,000 Cost of goods sold 3,393 Gross profit 22,607 Operating expense 2,761 Operating income $ 19,846 Prepare a contribution format income statement for the Blossom Company. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, 5,725.) Per Unit $ 26,000 $ 20 Sales Revenue Variable Expenses 6 $ 3,393 Cost of Goods Sold 2 2,761 Operating Expenses 8 6,154 Total Variable Expenses 19,846 $ 12 Contribution Margin Fixed Operating Expenses $ Operating Income 13) 5

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