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Assume Jacob Garzon sales his photographs for $20 each and incurs the variable expenses per photograph shown below. Cost of goods sold Salaries and wages

Assume Jacob Garzon sales his photographs for $20 each and incurs the variable expenses per photograph shown below. Cost of goods sold Salaries and wages expense Postage expense 6.00 2.00 1.50 Assume his fixed expenses are as follows: Cost of goods sold Advertising Salaries and wages expense Insurance expense Depreciation expense $4,000 $ 600 $10,000 $1,500 $1,300 Prepare a contribution format income statement assuming Jacob sells 4,000 photographs. You can prepare the income statement in WORD or EXCEL

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