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 $ 240,000 16,000 $ 160,000 $ 8,000 $ ? 9,600 12,000 $ ? $ 48,000 $ 14,400 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 traditional format income statement. $ Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses Selling expense Administrative expense 240,000 168,000 72.000 21,600