Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales$465,000Beginning merchandise inventory$31,000Purchases$310,000Ending merchandise inventory$15,500Fixed selling expense$?Fixed administrative expense$18,600Variable selling expense$23,250Variable administrative expense$?Contribution margin$93,000Net operating income$27,900 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?