Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:

Sales	$	270,000
Beginning merchandise inventory	$	18,000
Purchases	$	180,000
Ending merchandise inventory	$	9,000
Fixed selling expense	$	?
Fixed administrative expense	$	10,800
Variable selling expense	$	13,500
Variable administrative expense	$	?
Contribution margin	$	54,000
Net operating income	$	16,200

2. Prepare a traditional format income statement.

Todrick Company
Traditional Income Statement
Sales
Cost of goods sold
Gross margin		0
Selling and administrative expenses:
Selling expense
Administrative expense
		0
Net operating income