The Pharoah Company sells sports decals that can be personalized with a player's name, team name, and jersey number for $20 each. Pharoah buys the decals from a supplier for $8 each and spends an additional $2 in variable operating costs per decal. The results of last month's operations are as follows: $ 12,000 2,784 Sales revenue Cost of goods sold Gross profit Operating expense Operating income 9,216 2,566 6,650 $ Prepare a contribution format income statement for the Pharoah Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, 5,725.) Prepare a contribution format income statement for the Pharoah Company. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, 5,725.) Per Unit Sales Revenue $ 12000 20 Variable Expenses Cost of Goods Sold $ 2784 8 i Operating Expenses 600 2 i Total Variable Expenses 3384 10 i Contribution Margin 8616 $ 10 Fixed Operating Expenses Operating Income $ 6650 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit