Whitman Corporation, a merchandising company, reported sales of 12,100 units for May at a selling price of $714 per unit. The cost of goods sold (all variable) was $448 per unit and the variable selling expense was $63 per unit. The total fixed selling expense was $163,800. The variable administrative expense was $28 per unit and the total fixed administrative expense was $376,100.

Required:
a.	Prepare a contribution format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.)

Whitman Corporation Income Statement
(Click to select) Variable selling expense Cost of goods sold Variable administrative expense Fixed administrative expense Sales Contribution margin Net operating income (loss) Fixed selling expense		$
Variable expenses:
(Click to select) Sales Net operating income (loss) Contribution margin Cost of goods sold Fixed administrative expense Variable administrative expense Fixed selling expense Depreciation expense Variable selling expense	$
(Click to select) Cost of goods sold Fixed selling expense Depreciation expense Fixed administrative expense Net operating income (loss) Variable administrative expense Variable selling expense Contribution margin Sales
(Click to select) Cost of goods sold Net operating income (loss) Contribution margin Variable selling expense Variable administrative expense Sales Fixed selling expense Depreciation expense Fixed administrative expense
(Click to select) Contribution margin Cost of goods sold Sales Net operating income (loss) Variable administrative expense Fixed administrative expense Fixed selling expense Variable selling expense
Fixed expenses:
(Click to select) Fixed selling expense Net operating income (loss) Sales Variable selling expense Contribution margin Fixed administrative expense Variable administrative expense Cost of goods sold
(Click to select) Sales Variable administrative expense Cost of goods sold Net operating income (loss) Variable selling expense Fixed administrative expense Contribution margin Fixed selling expense
(Click to select) Sales Fixed selling expense Variable selling expense Contribution margin Fixed administrative expense Variable administrative expense Cost of goods sold Net operating income (loss)		$

b.	Prepare a traditional format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.)

Whitman Corporation Income Statement
(Click to select) Selling expense Gross margin Administrative expense Cost of goods sold Sales Net operating income (loss)		$
(Click to select) Gross margin Cost of goods sold Selling expense Net operating income (loss) Administrative expense Sales
(Click to select) Net operating income (loss) Cost of goods sold Sales Selling expense Administrative expense Gross margin
Operating expenses:
(Click to select) Cost of goods sold Administrative expense Selling expense Gross margin Sales Net operating income (loss)	$
(Click to select) Gross margin Selling expense Cost of goods sold Net operating income (loss) Sales Administrative expense
(Click to select) Net operating income (loss) Selling expense Gross margin Cost of goods sold Sales Administrative expense		$