Todrick Company is a merchandiser that reported the following Information based on 1,000 units sold: Sales Beginning nerchandise inventory Purchases Ending merchandise inventory Fixed selling expense Tixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income $ 225,000 $ 15,000 $ 150,000 $ 7,500 $ ? $ 9,000 $ 11,250 S $ 45,000 $ 13,500 Required: 1. Prepare a contribution format Income statement. 2. Prepare a traditional format Income statement 3. Calculate the selling price per unit, 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales? Complete this question by entering your answers in the tabs below, Reg 1 Reg 2 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3 to 5 Reg 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Selling expense 0 Administrative expense Contribution margin Fixed expenses: Selling expense Administrative expense 0 Net operating income Req 1 Reg 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Sales 0 Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Selling expense Administrative expense Administrative expense 0 Net operating income Req 1 Reg 2 Req 3 to 5 Req 6 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit