Answer Happy

The Assignment is: Dubai Company is a merchandiser that reported the following information based on 1,000 units sold Na Transactions The Value 1. Sales $300,000 2 Beginning merchandise inventory $20,000 3. Purchases $200,000 4. Ending merchandise inventory $7,000 . Fixed selling expense 1 $30,000 5. Fixed administrative expense $12,000 7. Variable selling expense $15,000 8. Variable administrative expense $12,000 9. Contribution margin $60,000 10 Net operating income $18,000 Required: 1. Prepare a contribution format income statement 2. Prepare a traditional format income statement