r quick access, place your bookmarks here on the bookmarks bar. Import bookmarks now Chapter 10 Problem 1-19 Traditional and Contribution Format Income Statements [LO1-6 Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: 5 oints 480,000 32,000 320,000 $ 16,000 Sales Beginning merchandise inventory Purch 8e8 Ending nerchandise inventory Pixed selling expense Pixed adninistrative expense Variable selling expense Variable administrative expense Contribution margin Net operating incone eBook Print References s 19,200 $ 24,000 96,000 $ 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? Complete this question by entering your answers in the tabs below Req 1Req 2 Req 3 to 5 Req 6