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Prepare a contribution format income statement for Erin.

Question Description

Exercise 2-17 (Part Level Submission)

Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:

Sales revenue $ 49,742
Cost of goods sold (all variable) 25,443
Gross margin 24,299
Selling expenses (20% variable) 8,239
Administrative expenses (60% variable) 11,152
Operating income $ 4,908

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(a)

Prepare a contribution format income statement for Erin. (Round answers to 0 decimal places, e.g. 5,275.)

$

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$

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$

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