Redhawk, inc., is a merchandiser that provided the following

Redhawk, Inc., is a merchandiser that provided the following information:
 
Number of units sold ———–  10,000
 
Selling price per unit  ———- $15
 
Variable selling expense per unit—$2
 
Variable administrative expense per unit ——— $1
 
Total fixed selling expense  ——–  $20,000
 
Total fixed administrative expense  ——–  $15,000
 
Merchandise inventory, beginning balance  ———  $12,000
 
Merchandise inventory, ending balance  ———— $22,000
 
Merchandise purchases ———– $90,000
 
 
 
Required:
 
1.  Prepare a traditional income statement
 
2.  Prepare a contribution format income statement
 

"Is this qustion part of your assignmentt? We will write the assignment for you. click order now and get up to 40% Discount"