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. $ 390,000 $ 26,000 $ 260,000 $13,000 ? $ 15,600 $ 19,500 ? $ 78,000 $ 23,400 6. Which income statement format (traditional format or contribution format) would be more useful to managers in es operating income will change in response to changes in unit sales?