Font Cloud fx E SONATA PIANOS, INC. Traditional Income Statement For the Month Ended March 31 GA $ 175,000 112.000 63,000 21 22 23 24 25 26 27 28 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Advertising Delivery of planos Sales salaries & commissions Utilities Depreciation of sales facilities Total selling expenses Administrative expenses Executive salaries Depreciation of office equipment Clerical Insurance Total administrative expenses Total selling and administrative expenses Net operating income 1,000 2,800 13.750 650 5.000 23 200 30 81 14,000 900 2,875 700 18.475 32 33 34 35 36 37 41.675 $ 13.750 Try again! SANATA DIAMOND Given Data Lab 1 Ready Accessibility: Investigate Type here to search O D SONATA PIANOS, INC. Contribution Format Income Statement For the Month Ended March 31 Total Per Piano $ 175,000 $ 5,000 Sales Variable expenses. Cost of goods sold Delivery of pianos Sales commissions Clerical Total variable expenses Contribution margin 112,000 2,800 8,750 2,875 126,425 $ 48,575 Irvagall 3,200 80 250 82 3,612 5 18 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Fixed expenses Advertising Sales salaries Utilities Depreciation of sales facilities Executive salaries Depreciation of office equipment Clerical Insurance Total fixed expenses Net operating income Lab 1 Given Data Accessibility: Investigate Ready Type here to search O SONATA PIANOS, INC. cales de aleach plano Name of anos sold and delivered in March $ 5,000 35 Cost Cost Formula Average cost of each piario (cost of goods sold) $ 3.200 per piano 17 Selling: 18 Advertising 19 Delivery of pianos 20 Sales salaries and commissions Utilities 22 Depreciation of sales facilities 23 Administrative: 24 Executive Silaries 25 Depreciation of office equipment 26 Clerical 27 Insurance S 1000 per month $ 80 per piano sold $ 5,000 per month plus 5% of sales dollars $ 650 per month $ 5,000 per month $ 14,000 per month $ 900 per month $ 2,000 per month plus $25 per piano sold S 700 per month