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Restate the following income statement for a retailer in contribution format. Sales revenue...

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Accounting

Restate the following income statement for a retailer in contribution format.

Sales revenue ($100per unit)$66,000Less cost of goods sold ($56per unit)36,960Gross margin29,040Less operating costs:Commissions expense ($6per unit)$3,960Salaries expense7,900Advertising expense5,800Shipping expense ($3per unit)1,98019,640Operating income$9,400

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