The following data from the just completed year are taken from the accounting records of Fifth Company (in dollars): Units sold 18,000 units Selling Price $50 per unit Variable selling expense S5 per unit Total fixed selling expense $30,000; Variable administrative expense $3 per unit; Total fixed administrative expense $46,000 Direct labor cost $70,000; Manufacturing overhead applied to work in process $230,000; Total actual manufacturing overhead S230,000 Indirect materials $29,000. Inventories: Raw material purchases (during year) $130,000; Raw materials (beginning of year) S10,000; Raw materials (end of year) S5,000; Work in process (beginning of year) S12,000; Work in process (end of year) $23,000 Finished goods (beginning of year) $9,000, Finished goods (end of year) $4,000 Instructions 1. Prepare a traditional format income statement: 2. Prepare a contribution format income statement 3. Prepare a schedule of cost of goods manufactured. 4. Prepare a schedule of cost of goods sold