Question: Prepare a contribution margin format income statement. China Imports. Inc, sold 18,000 units in May. Per unit selling price and variable expense were $25 and

Prepare a contribution margin format income statement. China Imports. Inc, sold 18,000 units in May. Per unit selling price and variable expense were $25 and 517 respectively. Fixed expense incurred for May totaled 5120.000.

Required:

Prepare the May Income statement for China Imports. Inc., in the contribution margin format.

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