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Paste A1 x fe Chapter 2: Applying Excel 1 Chapter 2: Applying Excel 3 Data 4 Sales 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs 10 Fixed selling 11 Fixed administrative $12,000 $6,000 $600 $400 $2,500 $1,500 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 2-9 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses: 21 Selling 23 Net operating income 24 25 Contribution Format Income Statement 26 Sales 27 Variable expenses: 28 Cost of goods sold 29 Variable selling 30 Variable administration 31 Contribution margin 32 Flxed expenses: 33 Fixed selling 34 Fixed administrative 35 Net operating income 36 37 38 Chapter 2 Form + Ready