Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 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. $ 300,000 $ 20,000 $ 200,000 $ 7,000 ? $ 12,000 $ 15,000 ? $ 60,000 $ 18,000 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating operating income will change in response to changes in unit sales? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses: Cast of and eld 213 000l $ 300,000 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a contribution format income statement. Todrick Company Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Administrative expense Selling expense Contribution margin Fixed expenses: 300,000 213,000 12,000 15,000 Selling expense $ 30,000 Administrative expense 12,000 Net operating income Reg1 240,000 60,000 42,000 18,000 Req 2 >> < Prev 2 of 5 Next Complete by entering your answers in the tabs below. Req 1 Req 2 Req 3 to 5 Req 6 Prepare a traditional format income statement. Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Administrative expense Selling expense 0 0