Santa Clara Computer Components, Inc. Santa Clara Computer Components, Inc. Income Statement Contribution Margin Income Statement Per Unit Sales Sales Variable product Variable selling expense Variable administrative expense 6 Cost of goods sold: 7 Beginning merchandise inventory 8 Add: Purchases 9 Goods available for sale 10 Ending merchandise inventory 11 Cost of goods sold: Total variable expenses 12 Gross margin Contribution margin Selling and administrative expenses: 14 Selling expenses Fixed Selling expenses 15 Administrative expenses Fixed Administrative expenses 16 Net operating income Net operating income Using the information (in the table of problem variables below) prepare both traditional and contribution margin income statements for the Santa Clara Components, Inc. Both statements should reflect the same net income amount. Enter your numbers in the open boxes; any boxes shaded should not be used. Problem Variables Total Sales Revenue $ 1,155,000 Selling price per unit Units sold Variable selling expense per unit $ 105 11,000 $ 6 S4 $ 15,000 Variable administrative expense per unit Total Fixed Selling expense Total Fixed Adminstrative expense 14,000 $ $ Inventory - begin balance 45,000 Inventory - ending balance $ 35,000 Purchases $ 270,000