Restate the following income statement for a retailer in contributionformat. Sales revenue ($100 per unit) Less cost
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Sales revenue ($100 per unit) Less cost of goods sold ($60 per unit) Gross margin Less operating costs: $50,000 30,000 20,000 Commissions expense ($6 per unit) Salaries expense Advertising expense Shipping expense ($2 per unit) $3,000 8,000 6,000 1,000 18,000 $ 2,000 Operating income
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