hwman 6.2) Paula's Quilt Shoppe sells homemade Amish quilts. Paula buys the quilts from local Amish artisans for $220 each, and her shop sells them for $370 each. She also pays a sales commission of 4% of sales revenue to her sales staff. Paula leases her? country-style shop for $1,700 per month and pays $1,400 per month in payroll costs in addition to the sales commissions. Paula sold 70 quilts in February. Prepare Paula's traditional income statement and contribution margin income statement for the month.

Prepare the traditional income statement for the month. Paula's Quilt Shoppe Income Statement For the Month Ended February 28 Less: Less