The data in the table below are from the Acme Corporation, a merchandiser.

		Amount
Number of units sold		11,000
Selling price per unit	$	18
Variable selling expense per unit	$	2
Variable administrative expense per unit	$	2
Total fixed selling expense	$	19,000
Total fixed administrative expense	$	15,000
Beginning merchandise inventory	$	12,000
Ending merchandise inventory	$	25,000
Merchandise purchases	$	90,000

Required:

1. Prepare a traditional income statement.

2. Prepare a contribution format income statement