1. In November, Mazoon company., a merchandising company, had sales of 18,250 units at $20 per unit, selling expenses of $20,000 fixed and $2/unit, and administrative expenses of $15,000 fixed and $4/unit. The cost of merchandise purchased during the month was $209,000. The beginning balance in the merchandise inventory account was $35,000 and the ending balance was $39,000. Required: Prepare a traditional format and contribution margin income statement for November. (2 marks) Mazoon Company Traditional Income Statement 2. Prepare a contribution format income statement. Mazoon Company Contribution Format Income Statement