Exercise 2-5 (15 minutes) 1. Traditional income statement Redhawk, Inc. Traditional Income Statement Sales ($15 per unit x 00 unis... Cost of goods sold ($12,000 + $90,000 - $22,000) Gros a... وووووووووووو Selling and administrative expenses: Selling expenses (($2 per unit x 10,000 units) + $20,000) ... Administrative expenses ((S1 per unit x 10,000 units) + $15,000) Net operating income .. $150,000 80000 70,000 40,000 25,000 65,000 £5.000 2. Contribution format income statement Redhawk, Inc. Contribution Format Income Statement Sales Variable expenses: Cost of goods sold ($12,000 + 90.0 -2,0). Selling expenses ($2 per unit x 10,000 units)... Administrative expenses ($1 per unit x 10,000 units) ... Contribution margin Fixed expenses: Selingepes Administrative expenses.. Net operating income... $150,000 $80,000 20,000 10,000 110,000 40,000 20,000 15,000 35.000 £5,000​