Dog Eared Books In August, Dog Eared Books, a local bookstore, sold 4,450 books totaling $126,825 of sales. The store incurred variable selling expenses of $1.20 per book and variable administrative expenses of $3.30 per book. Fixed selling expense totaled $6,000, and fixed administrative expense totaled $8,000 for the month. The store purchase additional inventory of books during the month costing $62,000. At the beginning of August, the inventory account balance was $36,000, and at the end of the month the account balance was $29,000. Cost of goods sold is a variable cost at Dog Eared Books. 1) Please prepare a traditional format income statement for Dog Eared Books for the month of August. (The income statement should include all necessary account titles and proper formatting.) Please prepare a contribution format income statement for Dog Eared Books for the month of August. (The income statement should include all necessary account titles and proper formatting.)