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 2. Majan company shared the following data for a number of recent months: Month Product Returns Warranty Cost January 25 $6,257 February 30 $7,207 March 27 $6,550 April 25 $4,022 May 19 $3,891 June 10 $3,247 Required: Estimate the variable cost per product return and the fixed cost per month using high-low method. Test your answer with both the high and low numbers