CONTRIBUTION FORMAT INCOME STATEMENT 10 POINTS A partial list of accounts of the Moser Company is below. ACCOUNT NAME AMOUNT Sales (500 units at $1,200 each) $600,000 Cost of Goods Sold (500 units at $700 each) $350,000 Raw Material purchases $200,000 Salaries Expense $ 90,000 Advertising Expense $ 40,000 Administrative Salaries Expense $ 32,000 Sales Commissions (5% of Sales) $ 30,000 Supplies Expense ($35 per unit) $ 17,500 Utilities Expense ($5,000 plus 2% of Sales) $ 17,000 Depreciation on Equipment (straight-line) $ 8,000 Based on the above information, prepare a Contaibution Format Income Statement for Moser Company in good form. (points) What would Moser's Net Income be if the Income Statement was prepared using the Traditional