Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 480, 900 Beginning merchandise inventory 32, 900 Purchases $ 320, 900 Ending merchandise inventory $ 16, 060 Fixed selling expense $ Fixed administrative expense 19, 200 Variable selling expense 24, 000 Variable administrative expense Contribution margin 96, 000 Net operating income $ 28, 800 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