During year 1, Bellino Manufacturing, Inc., sold 175 units of its medical exam device for $1,500 each. The associated cost of the goods sold was $1,150 per unit. Expenses for the year were as follows: Commissions Utilities Delivery fee Marketing expenses 4% of sales $ 500.00 $ 45.00 per unit $ 12,500.00 The company's income tax rate is 20% and the weighted average number of common shares outstanding were 25,000. Required: a) Prepare a traditional income statement b) Prepare a contribution format income statement c) What is the gross profit? d) What is the operating profit? e) What is the net income (after taxes)? f) What is the basic earnings per share of common stock? g) What is the contribution margin? h) What is the contribution margin ratio