Homework: HW 14 (Chapter 6) Save Score: 0.45 of 2 pts 2 of 4 (4 complete) HW Score: 80.65%, 6.45 of 8 pts % 56-14 (similar to) B Question Help 0 Pam's Quilt Shoppe sells homemade Amish quilts. Pam buys the quilts from local Amish artisans for $250 each, and her shop sells them for $450 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Pam leases her country-style shop for $1,400 per month and pays $2,100 per month in payroll costs in addition to the sales commissions. Pam sold 80 quilts in February. Prepare Pam's traditional income statement and contribution margin income statement for the month. Prepare the traditional income statement for the month. Pam's Quilt Shoppe Income Statement For the Month Ended February 28 Less Less: Cost of goods sold Gross profit Lease Operating expenses Operating income Payroll costs Sales commissions Choose Sales revenue t fields and then click Check