2. Zabeer Company is a large retailer of custom-built air conditioning units for commercial buildings. The company assembled the information shown below for the quarter ended March 31: Total sales revenue Tk.6,00,000 Selling price per unit Tk.450 Variable selling expense per unit Tk.45 Variable administrative selling expense per unit Tk.30 Total fixed selling expense Tk.170,000 Total fixed administrative expense Tk.130,000 Merchandise inventory, opening balance Tk.60,000 Merchandise inventory, ending balance Tk.1,10,000 Merchandise purchase Tk.2,40,000 Required: i. Prepare a traditional format income statement for the quarter ended March 31. [2.5] ii. Prepare a contribution format income statement for the quarter ended March 31. [2.5]