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Search BERLAN ACC 412 Assignment 10) - Protected V. - Sawed to the PC tions...

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Search BERLAN ACC 412 Assignment 10) - Protected V. - Sawed to the PC tions Animations Slide Show Review View Help an contain vinner Unters you need to eat it's suter to stay in Protected view Enable Editing Gulded Example Otsego, Inc., is a merchandiser that provided the following information: 12,000 S25 $2.50 $2 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases $16,000 $17,000 $25,000 $18,000 $101,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. [L06

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