Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales Beginning merchandise inventory Purchases $ 300,000 Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable administrative expense Contribution margin Variable selling expense 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. $ 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 how net 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.