0000 Problem 2 Lama Lama Co. has given you the following income statement for June 2018 Sales $ 500,000 Cost of goods sold 300,000 Gross margin 200,000 Operating expenses: Salaries and commissions $ 80.000 Utilities 20.000 Rent 22,000 Other 18.000 Total operating expenses 140,000 60.000 Income Lama Lama sells one product, very fine red pajamas for $100 each. A 10% sales commission, included in Salaries and commissions is the only other variable cost. The manager tells you that this financial statement is not very helpful to her. Redo the income statement using the contribution margin format. For Lama Lama's, determine the break-even in sales dollars and in units